Why creating more coins.

[Blank Hole]

With recent market situation, I begin wondering why creating more coins. Does it means that if all effort is put on bitcoin, the community will not achieve her goal? If that is true, why not we maintain the existing ones to enable them have more stability and gain global recognition.
Some of the said coins are duplicating functions, why not merge coins with same functions to enable the community grow faster.
Currently some investor are passing through hard times and if all our effort is targeted towards the first 10 or 20  widely known coins, their standard is maintain, investors will be happy.

[mar]

That is one of the obvious things that is holding the market back right now,there is are way too many coins in the market, money which should be focused on the top coins to enable us go in to a bull market are now being spread around over the thousands of coins in the market there by removing the required concentration of money on the coins that we need the most.

[aji678]

Progress does not stand still, the modern crypto market continues its rapid development. Therefore, it is logical that there are various new coins from different fields of activity. Personally, I am convinced that such changes have a positive effect on the development of the crypto market, although investors themselves need to make a more careful and responsible choice.