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.
Developers want to create a new coin because they want to earn money. Developing a new coin is one of the best way to earn money. I think creating a coin during this market situation is risky because most investors are keeping away from the market. However, since the market price of the main crypto is really cheap, once the market price recovers the money they will get from the ICO will also grow.