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?
Lot of new worthless crypto projects hurting the market more than the available cryptos where the market cap values got spread all over the coins.
Huge variety of coins is actually good but what will happen if everyone starts to create their own cryptos.