I just don't understand why people are creating a lot of tokens even if there are a lot of it already? Will these not affect the value of Altcoins?
I think it doesn't affect altcoins. Because nowadays there are a lot of tokens out there. Most of them are used for bounty campaigns and for airdrops , it is to promote their tokens. But i knew that not all of these tokens are successful. More people lose their money because of buying these tokens and they didn't expect that its price will suddenly goes down in one blow.