Days back the available number of cryptocurrencies reached 3000+ while the trading pairs have gone above 20750, and today it has got increased to 3025. If the same continues we can expect the number of cryptocurrencies available in the market to be above 3500+
Is this a healthy thing for the growth of cryptocurrency network or is it degrading the value of the system as large number of cryptocurrencies are available with zero trading volume and without any product backing.
For me it's really bad, but investors now knows how and where to invest, so in time it will diminish, the number of new coins are now lesser than two to three years ago, maybe in the next five years the market will stabilize with the number of coins that has usage and products and services associated with it, and besides investors only care for coins that are in the top 100.