Except the whole crypto thing IS a big empty bubble.
You really think the market needs hundreds of coins?
99% of these coins are just people copy pasting code from github or whatever and changing the name.
Five to ten years from now there will be three or four of these current projects still in active development.
Most devs will have moved onto other coins or the next get rich quick scheme.
The trick is to invest in the few projects that actually mean something.
I believe that this is good, eventually best coins will survive and it rivality will influence progress and we will see new ideas wich is good. I don't say majority is pure copy paste and they deserve to go crypto garbage, but thay still have their role in all of this. People love to learn on their own faults.
In a few years we will have even more coins, now it is much easier to find tutorials how to create your own coin..