Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.
But, do we need lots of cryptocurrencies?
More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?
This is a competition, everyone wants to become a leader in a particular idea and get a lot of demand, and therefore profit. Everything as in any business, only the most capable and advanced in technology will survive, and for any investor it is only good luck when you can choose from several.