It's true that there are now lots of new coins. This number of new coins is like a plague that is mushrooming. I myself do not understand the exact meaning of these people why they are so ambitious to create their own coins. I can only analyze and guess the reason why they created coins even though there are already many coins on the market. In my opinion, they only follow mere euphoria to create coins and then be able to attract investors and get lots of profits. Therefore they paid little attention to the quality of the coins they created. Most of the coins they created were duplicates of the previous coin technology so they did not have innovation.