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 will never stop dude, instead the number will continue to rise up for sure. Do you know why? that is because cryptocurrency is in the stage of trend now where most of the people are looking for it to earn. And we can't stop the whale investors as well to buy those altcoins together creating their own coins here in this field of industry.
They will keep coming, it's a business and those who are good in this kind of cycles will continue to play with the hypes. If you are not into this kind of investment better to stick with well established assets.
Forget those hypes from new project and continue to chase those old ones that really have usages.