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.
Yes, I totally agree with your opinion. But I am worried that in the absence of clear rules regarding cryptocurrency, it will still cause things like that. Non-quality coins will continue to be produced as long as this industry is still considered profitable.
But more than that, indeed innovations must continue to be developed so as not to stagnate. Minimize frauds that are done by way of ICO, IEO or whatever, because it is very damaging to the image of cryptocurrency itself.