Is it good for crypto community having more Tokens & Coins as well

[Nivia1st]

But After 2019 there are many Cryptocurrencies in term of Coins and Tokens. Is there is more need of new coins and tokens because After one the there is another token or Coin based on same concept. How is it going to work in future for Sustainable Investments.

first we can't forbid all developers from creating projects that look the same as existing ones. because crypto is basically freedom and it gives everyone an equal chance. but as investors we don't like this. think it's bad, but in reality they can create hype and get the same success. so to address this, I prefer to just follow the flow. as long as the hype is still there, it doesn't matter if we invest there. it doesn't matter if the projects are similar or indeed copies of existing projects only differ in logo and name. it doesn't matter we buy such coins as long as the project is popular.

[el kaka22]

I am afraid that it is not something we could decide anyway. I mean it is easily one of the most difficult situations we could consider and it means that we will have to deal with these thousands of coins and tokens coming to the market even if we do not want to. Just accept this fact and move on, everything will be much better that way.

I personally prefer if only the bad ones didn't come and the good ones came up that would be better but at the end of the day we can't cherry pick like that. So, just research them well and you will be able to either find the good ones and make a profit, or find a bad one and lose money to it as well. Not that much choice given.

[Teraboy]

More tokens are increasing the competition between the development from any tokens. The new tokens that have similar concept means if that will be good for the community but we didn't need bunch of tokens on the market with the same concept. This is not something wrong in the crypto market. I think so many developers are also this is the best way to increase the competition between any cryptocurrency in the market.
It's good for the community as long as it will be triggering healthy competition in the market.
This will also encourage more and more people to think about which best project to invest.

[TelolettOm]

there will be always new projects that offer new tokens with tons of promises. they will not pay attention or care that there are many same token concepts previously because they only expect profits from the token creation and hype.
that is why we must be careful and smart to choosing the right project. or we don't need to support those projects by not buying them.