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!
The launch of new coins has been very much in the market, even now there are not a few projects that promote the new coin in the end it is a scam, successful coins that can be traded in the market also have very very cheap profits, even those of us who hold too many coins do not have good price when traded.