Can the cryptocoin boom be taken seriously?

Given the huge amount coins popping up every month can the p2p currency ever be taken seriously. When coins like wankcoin are being created does it not suggest it is starting to crumble under the strain?

I strongly feel that something will snap and the house of cards will come tumbling down. I just hope Peercoin is one of those at the bottom still standing.

If it all collapses, only the truly innovative coins will succeed and keep going, while the scams and clones will fall apart. I believe Peercoin has nothing to fear from this in the long run, as it contains truly innovative technology and a dedicated community of true believers that won’t simply vanish if the price deflates.