New coins are just not needed. Unless you plan on having some sort of new tech laid out into your project what's the point other than to just have another useless coin in the market. We need to get to a point where people just realize this, consolidate the market and then everyone's bag will pump. People just keep trying to chase 2009 bitcoin
The cryptocurrency industry have been pleaque with alot of fake coins and all aimed at just making hylt or taking advantage of the already existing hype to take advantage of the gullible investors who may not have adequate knowledge about the market, much more also we see how some of those so called newcoins try to copy the older and successful coin in one way or the other, such as this one, the project made the name similar to bitcoin, just to get attention to their project.
But that is by the way, and also as it is we have alot of things to put into consideration before we dive into anything significant in this thread and those are the values and utility ability of those coins, I agree with you on the fact that we do not need so much tokens in the market, but what we need now is support on the development and advancements of the already existing ones that we have in the market, but then let see what it turn out to be with this particular project if what the used bitcoin name to gain them that attention the wish.