What does future hold for crypto market with increase in new coin

[Absolutep]

With new introduction of new coin on daily basis,what would likely be effect of this on the future of cryptocurrency market?I need opinion of expert on this

[sunsilk]

With new introduction of new coin on daily basis,what would likely be effect of this on the future of cryptocurrency market?I need opinion of expert on this

Not that much. More of them are being added everyday but did the market has ever benefited on it? no. Those developers are only making much with the coin that they keep on creating.

The cycle has been done many times if ever their existing project didn't make much.

If ever they made much with their project they will never stop being acquianted with other projects because they already know on how the market works.

[a31078]

With new introduction of new coin on daily basis,what would likely be effect of this on the future of cryptocurrency market?I need opinion of expert on this

Personally, I think the introduction of new coin in crypto will necessarily not have much positive effect on the market because most of them are shitcoin and do not have good technology or team  member and they are also replicate of some existing coin. But I am sure there are some of them that really have positive impact to play in the crypto community and they will continue to grow.

[WuGong]

The emergence of new cryptocurrencies is not the best phenomenon, because most of these new coins are fraudulent, and such fraud will cause more people to fear the market!

[limmousine]

the choice for investment will be more and more varied, this also makes the developers to compete to provide the best work and products. so only the best crypto will survive in the future.

[Ayston]

Adding another coin everyday in market would be hard situation since there will be another competition between investors and the project team... But regardless for it purpose they will bloom before the others can...

[Red-Apple]

unfortunately the main thing that everyone in the altcoin market cares about is making profit. so the more they can make they more they will want shitcoins because these types of coins can get pumped a lot more than normal coins with real potential and a good team. the good coins never rise significantly.
so as the result we will continue seeing more and more new coins  because it is sometimes easier to pump a new coin than an old coin.

there is also the fact that people want free money and one easy way of making it is to create a new coin and nowadays a new ICO token. and that will increase the number of coins created every day by a lot more.

[Findingnemo]

Most of the new coins were just shit and copy of others so it doesn't add any value to the crypto currency other than increasing the market cap value because of bump and dump investors.