I don't think anyone would call me an expert on this, but I often read about how there will be a culling effect taking place among cryptocurrencies. Many will fail, and only the strong ones, the ones that have something going for them, will remain.
Personally, I hope that happens sooner than later. That in and of itself would help STEEM, providing its one of the ones that remains standing, simply because there won't be so much clutter to go through, and more attention can fall on it.
So, yes, I think there's way too many tokens spreading the current investment money then, and that even with considerable consolidation, there will still be plenty of tokens to choose from.
I don't think anyone would call me an expert on this, but I often read about how there will be a culling effect taking place among cryptocurrencies. Many will fail, and only the strong ones, the ones that have something going for them, will remain.
Personally, I hope that happens sooner than later. That in and of itself would help STEEM, providing its one of the ones that remains standing, simply because there won't be so much clutter to go through, and more attention can fall on it.
So, yes, I think there's way too many tokens spreading the current investment money then, and that even with considerable consolidation, there will still be plenty of tokens to choose from.