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
Most of the cryptocurrencies or tokens listed there are Scams, Hyped up tokens that are hyped in a way to make their users think it'll Goto the moon
Now you'll ask what's the purpose of it? - Obviously to make money from dumping those Coins and Tokens on their investors/traders.
This implies to most of the coins as well new coins.