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?
Of course it's bad. Because there are so many shit and unnecessary coins, even their presence is damaging to the market. I wish the market had a maximum of 100, and that would work.