What I know is that the new coin is from China. every day there must be new coins from China, What strategy is used by the country China, but it is clear that China wants to master the Cryptocurrency market.
I myself as a prize seeker feel happy if there are new coins that provide new projects, of course with no fraud. I am sure that the presence of new coins will not damage the market, because to be able to enter the cryptocurrency market today is very selective and not arbitrary.