With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20 widely known coins, their standard is maintain, investors will be happy.
They come to the crypto market to compete, to be the best and gain the trust of investors, but that is not what they get, most investors still believe in the top rankings such as Bitcoin and Ethereum, so dear to those who have developed projects to bring new coins to the market, it is not profitable but often the items used to get temporary profits, everything becomes hampered after many coins are listed here.