Rather, such a huge variety of projects in the first place hits the pockets of investors who have invested their money in projects that eventually turned into garbage.
a lot of projects are like that, very unfortunate even though from the beginning it has looked good with its development, but the results are very disappointing. because it ends scam and will not produce anything. that makes investors sometimes lazy with new projects and choosing on assets that have been registered in exchange.
Those assets that you said has been registered in exchanges are honestly too much, what are we doing with over 2000 coins in this small crypto space that is yet to witness large adoption rate, even if we witness large adoption rate. The highest coin we should even have in the cryptocurrency space should not be more than 20 at most for utility tokens.
For exchanges too, I don’t also see the sense in them having to create coins. You are already an exchanger dealing with other coins, do people have to change to your coin to get their money change. Too many projects are really killing the crypto interest as the little capital floating round the market is being diverted into different pockets and not channeled to making some of the few good coins more valuable. If we had just 20 coins, do we know what the value of BTC, ETH and others would have been by now?