You could make the argument that if all of the capital in crypto only had to be spread across 50 coins that that would make each of those coins extremely more valuable. In light of that thought, is the huge variety of Altcoins ultimately a good or bad thing for crypto?
I believe of course a large number of different and in most cases absolutely useless altcoins just prevent to develop and be useful coins on this promising projects. I think if our choice was narrowed to a minimum number of coins, the market situation with prices would be quite different.