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.
It's not healthy again. Back then, in 2016-2017 while there were around only less than 1k crypto (on that time ICO or IEO even didn't as much as this now), so people can focused on few trades. Any token/coins which only has small volume should be delisted from all exchange so there will be only legit coin which we can trade