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!
Even though the number of altcoins is currently increasing, there are also many altcoins that are useless and do not have good growth in the market exchange. The current growth in the number of altcoins I think is due to the intense competition in the exchange market and altcoins have the potential to earn huge profits for altcoin creators. so many people want to create altcoins without any good development and growth.