Is the flood of new coins destroying the market?

What should be a good thing – new coins, crypto acceptance, spreading the blockchain technology, etc…. Is actually a bad thing?

Tell me if I'm wrong here but, shouldn't be easier if he have like official coins for each niche – Gaming, paying for things, Cars, Technology, Fashion, Investing… Than let every fool out there making their own coin and spread the market in wrong way? – like meme coins or scammy OM

There are so many coins right now that the market lost fun in every way or aspect. Not only that people don't know where to invest but also many shitty coins and memes distract the flow and people/hype from really good coins and projects.

Do you think that regulatory can fix this or even make it worse?

Also what sholud be solution, and where do you think the market is heading from now on since it becoming so boring and flat, that many people totally lost interest about investing or even hold 99% of the coins.