There are so many coins being created it's a job to keep up and try to get in while they are still mineable... In a month will there be 50+ altcoins? I was happy with new coins being created, but is this too fast and too overwhelming?
In this fast changing context, evaluating variables such as the project's team, the technology involved, market demand, and long-term viability may help individuals make educated judgments. The growing number of cryptocurrencies may reach a saturation point, making it harder to distinguish between genuine initiatives and those with dubious objectives.