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!
Some? No definitely most of these coins are not needed. One could argue only a handful are actually needed. I mean for 99.9% of them they are just clone coins that are all marketing and no substance. There are a select few that are actually built from the ground up that actually serve a different or additive purpose than bitcoin. Other than that bitcoin does it all.