I'd agree with you here @tradergurl . I'm invested in 8 different cryptos that I can monitor and keep up with. 4 of these make up 95% of my entire cryptfolio. I think when investing it is important to ask the question, what problem does this cryptocurrency solve. If it is solving a problem, or streamlining a process then it is worthwhile to look into it more and checkout the team, roadmap, and competitors.
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That seems to be a problem for the majority of crypto, it has no 'purpose' other than to make money for the issuer, typically just after the ICO when they leg it with the money.