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?
It's good imo, it's not bad to have variety of altcoins. Trash altcoins will be dead by itself because people will not buy it, but good altcoins will keep survived. As a trader, large variety of altcoins is nice, so i can trading with many altcoins and can see many potential on every altcoins.
Too many altcoin have similiar project. I think its good for competition but if too many similiar project and price in exchanger very low, i think its not good for market because investor lossing hope. Its much better if altcoin with similiar project merger and make the project can compete in market cap value