I see alot of altcoins and tokens been introduced into the market every day and I keep wondering if that is how this industry will keep growing. The number of altcoins does not translate to increase in the over all market capitalization of the cryptocurrencies market and it that means that some of the coins we currently have in the market is not needed!
It's true what you say, I also don't know why there are too many altcoins created in the market, it makes us even more confused about choosing the best, the tendency of many altcoins does not provide an opportunity for us to invest, considering it is very difficult to identify altcoins that have good potential At the moment.
There are some altcoins that are not needed in the market, not because altcoins are not selling well, but the current altcoins do not provide good value to stay in the market, many people are starting to speculate, that altcoins will find the right day to increase their sales, both buying and selling prices, I don't think it's true what people make of this speculation.