The number of altcoins created by forking Bitcoin network in December will certainly confuse newcomers. Some more forks are scheduled for January as well. Overall, by the end of January, the crypto market could be flooded with altcoins created by forking Bitcoin network.
[1]These include Bitcoin Uranium, Bitcoin God, Super Bitcoin, Bitcoin Platinum, Bitcoin Cash Plus, Bitcoin Silver, Bitcoin Hot, Lightning Bitcoin and Bitcoin Flash (BTF).
What is the reason for multiple forks
1. High fee and long confirmed time of bitcoin.
2. The success of Bitcoin.
3. else.
I bought myself some BitcoinX, the price was 0.04 or something, I thought it's a good investment since it has the name and the branding. You can never know.