I think that there are way too many cryptocurrencies and tokens on the market these days, considering that not everyone uses all of them for daily payments. Some developers launch new cryptocurrencies with no real use cases for the mainstream world just to make a quick buck.
Do you think the crypto market is saturated? If not, why?
Sure, I'd say there are too many coins and too many exchanges.
Tokens as a fundraising mechanism are really not so different from IPOs and other investment offerings. There is a lot of trash in the ICO space to be sure, but I especially don't like to lump security tokens in with altcoins in terms of market saturation because they are literally just a substitute for stocks. Eventually we will see Fortune 500 companies tokenizing their stocks too. That's where I see things heading eventually, which is why it makes no sense to lump them in with proof-of-work cryptocurrencies.
I view the altcoin market like the startup space in general: high risk, high reward.....and most projects will fail.