Welcome to crypto-land, my friend.
Regarding the amount of cryptocurrencies out there. It is a free market and anyone can set up a cryptocurrency. Expect a exponential growth of cryptocurrencies. I wouldn't be suprised me if every person or business issues a crypto. Let the market decide it's value.
I think a lot a people are aware that crypto and platforms in general need to simply to increase the adoption rate. Smart people like @xerox @dantheman @roelandp and @ned are working hard to make sure this happens.
I wouldn't be surprised to see that happen either however there is a huge problem with that. We here in the US experienced companies creating their own form of currency pre 1930s. You could buy everything you needed from the company store but you made only enough or not enough to buy the essentials. The companies would more then happily give you credit in the store in order to keep you in debt to them.
I try to focus on things which I can control.
Why would I buy something if I perhaps can grow it myself? If I can't control how much I earn, I'll make sure that I control how much I spend, to avoid going into debt.
I wasn't aware that even companies in the US were allowed to issue their own currency pre 1930 because it obviously violates Article 1 section 10 of the US Constitution. I guess that after 1913 it all went downhill.