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?
Yes, there are too many altcoins and most of them are shit. Most people only hold and trade coins that are within the top 100 market cap. Pretty sure we will have lesser coins when the crypto hype is over. Few years ago, everyone make their own coin for any kind of things. Right now, everyone makes an ICO for every idea, no matter how unfeasible it is. This behaviour won't last long.