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.
Progress does not stand still, the modern crypto market continues its rapid development. Therefore, it is logical that there are various new coins from different fields of activity. Personally, I am convinced that such changes have a positive effect on the development of the crypto market, although investors themselves need to make a more careful and responsible choice.