As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse.
https://cointelegraph.com/news/ripple-ceo-only-1-of-todays-cryptocurrencies-will-survive
He is probably right. The suriving 1% or so will be enough to keep things moving.
There are so many trash coins and abandoned projects out there, they have failed anyway. In the long run it might remain easy to launch a crypto but will they add value and have a purpose?
I wonder how the concentration of dominance percentages (which currently is around 67% for Bitcoin) will change if anything beyond the top 50 crypto was removed from the equation.