That's correct, even with less coins in the market, but majority are quality coins, that will make the market better.
With the bearish market, it could also help in cleaning the market because those projects that have no real potential will be eliminated in the competition.

I like the increasing number of altcoins and people adopting in IEO instead of ICO because right now, we are starting to see a quality project.
Like I said, it's always better to have quality than quantity.