Why So Many Cryptocurrencies Exist — an explanation

Currencies are usually in very limited numbers, but not cryptocurrencies. Not only ICOs issued tokens, but stand-alone cryptocurrencies are created with a high rate of impact. Why is that so and does it really make sense?

There are hundreds of different pencils in a well-stocked stationery store where the layman wonders if they will not put all the light gray graphite on a…