There are Now 1000+ Cryptocurrencies
Well, on the note I can offer two different view in it, it is good one side and bad other side, the pleasant aspects of it is that it will breed competition as people will go for the one that benefit them in term of getting the crypto mining, like steemit which actually going gives room for best investment and earning unlike other cryptography which is just based on the investment aspects of it. The bad side is that people would be more involved in the system thereby rendering it not valid again.