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!
Well, this might continue to happen in the market but some of such non-relevant Altcoins that have been created before will also die of the market while new ones are been create. If the new Alts that are being created have a purpose to the market, they will certainly bring value as investors will definitely want to invest but if not, they wouldn't bring any value to the market.