Supply in token count is effectively infinite, yes. But what's the supply in VALUABLE tokens?
The availability of gold in the galaxy Andromeda doesn't affect gold prices on earth. Not equivalent analogy, but related - your market will only be hurt if there's economically accessible supply of equivalent or competing assets that fulfills the same need.
The page mentioned lists 79 tokens with a nominal value, 65 of them over $1m. All of these tokens were valueless at one point. Another site lists 862 coins with nominal values of over $1m: https://coinmarketcap.com/
This suggests there's no obvious limitation on the creation of economically unproductive speculative instruments. Even though they all start at $0, any new token has an unknown upside, as the price can only go up. For some that's apparently a compelling bet.
Will this process only stop when people stop looking for the next Bitcoin? Because for them, a valueless token definitely fills a "get in on the ground floor" need. And there are a lot of people doing that right now: https://www.google.com/search?q="the+next+bitcoin"
The availability of gold in the galaxy Andromeda doesn't affect gold prices on earth. Not equivalent analogy, but related - your market will only be hurt if there's economically accessible supply of equivalent or competing assets that fulfills the same need.
Valueless tokens don't fulfill the same need.