Of course, we need altcoyins, many altkoins are already overtaking the same bitcoin and ETH in capitalization, as well as improved algorithms in altcoys. Technically, they also bypass bitcoin.
Capitalization of altcoins is similar to the capitalization of bitcoin. They are creating companies and they are making amazing jobs with the funds they raised from their initial coin offering programs.
Altcoins will be doing well in the business fields.