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
Now there are already more than 9000 different types of cryptocurrency and their number is likely to continue to increase. This is both natural and normal. After all, the cryptocurrency is open source, which allows anyone to create a new cryptocurrency. Despite the fact that there is a lot of abuse allowed here, however, at the same time, this is the only good opportunity to quickly develop a cryptocurrency.
On the other hand, we cannot influence the process of creating new cryptocurrencies in any way.