As of August 2018, there are over 1600 cryptocurrencies that exist, according to Wikipedia. I know that Wikipedia isn't the most reliable of sources because anyone can edit it whenever they want, but the point is the number of cryptocurrencies being introduced. Some of the new cryptocurrencies I've heard were DeepBrainChain, ByteCoin, IOST, and Elastos. There's also a new coin called
Virie, which is apparently a cryptocurrency used to crowdfund and jumpstart the Virternity Project, a project that aims to digitized our minds, economy and the society. I believe that not all new coins aim to scam people, but do we really need more cryptocurrencies? Do we need new cryptocurrencies for every project that exists? Why can't there be one or five cryptocurrencies that all projects can use?
I always say, quality over quantity and that's always better in our life but does it matters for you in crypto world? There are only some coins alive, you can't even feel if others exists and it happened to you too, you only discovered them after reading a list on wikipedia. On another hand it's normal because there is possibility that there will be better altcoin created in future, so why do we have to not let others to develop and create good things or bad ones which can't damage anyone?