How exactly do altcoins gain value? There are so many altcoins out there and honestly you can see connection among these in terms of the drop and rise of price.
with bitcoin success altcoins start to emerge. they emerge to improve the flaw of bitcoin as well as to try to compete with bitcoin by innovating and developing new features as to improve and surpass bitcoin limitations.
I agree, with the new altcoin, that bitcoin has so many rivals, but even though the competition is so tight, it's still the bitcoin that's number 1 to my knowledge.
now altcoin is created so much that we can not understand the concept of the new coin.