Let's call this syndrome "coin fatigue". ;-)
Anyway, we indeed haven't seen anything yet. By this time next year I estimate we'll have 5,000+ unique blockchains and 100,000+ new tokens created on the various meta-layer protocols.
You guys had better start thinking about this as something other than "currency", because in the event that the world isn't very interested in that particular application (as it seems), the much-feared issue of dilution is certainly inevitable.
The cost of launching and mining a coin is fast beginning to outweigh the profit from creating one. Once it is unprofitable it will have to slow.
As long as people keep voting with their money, it will continue.
Very sad to see such a waste of hardware, time, and electricity.
