I agree with OP, there are way too many alt coins going around these days!
What happens is, there is just so much market share to go around, and there just isn't enough to be shared around with ALL the alts that are going around...
Some people say "the market will sort them out". But that just doesn't seem to be happening! Some of these fail joke coins have been around for up to a year! Still taking market share. Take BBQcoin for example, or Stablecoin, Grandcoin, Globalcoin, Goldcoin etc..
It's time the exchanges do a major "pruning" and get rid of say maybe 50% at least!
One year in the crypto world is a very long time! I really don't think the market is going to "sort them out" any time soon.
We don't need all these coins! They are just killing off all the coins together. Making the alt coin scene look like the land of ponzi schemes, and pump and dumps.
Things were way better before exchanges started to add all these useless alt coins. All of the market share was concentrated in a few alt coins, which was keeping the alt coin market healthy and giving it a good reputation.
People were literally coming on the forum begging to have their coin added to Cryptsy. Which most of the time didn't happen.
Now things have recently taken a turn for the worst with the recent addition of a few new alt coin exchanges, that add pretty much any coin.
In my honest opinion, this kind of activity needs to stop. All of this greed will kill off all of these coins by ruining the credibility of our community and soon we will have nothing! We as a community need to work together to make this all work.
This is not "free market" this is greed.
Please, guys this needs to stop!
If not the end is near for us all!
Just my 0.02
BTC