Hi,
I was browsing about 50 pages here
https://www.blockchain.com/prices?page=50 then I gave up and googled it...there are more than 2000 cryptocurrencies!
Why?
The fiat tends to reduce thanks to EUR, what's the purpose of so many cryptos?
thanks
Because people keeps on investing and keeps on looking on a new project to invest, when there's demand, developer will create to fulfill that demand, greed has something to do with this and because of this so many coins are created just for pumps and dumps, I have seen so many coins created only to become a pump and dump coins, that is why we have thousands on dead coins in the market.