Here is something, are we having too many altcoins listed on exchanges? coinmarketcap.com now has 1901 coins trading, some other platforms like coingecked have even more 2514
are we having too many alts?
There can never be too many altcoins, only the ones with the best technology and most adoption will thrive.
Are there too many apps? too many businesses? This is how capitalism works. Everyone tries to improve on an existing product and make money off of it.