Since the advent of bitcoin in 2009 led to cryptocurenccy experts competing to make another new coin like bitcoin, this is ALTCoin, where ALTCoin moves at the rate of bitcoin, most people use ALTCoin as the fastest way to collect bitcoin , because the rate or rate is often very promising against bitcoin, began the emergence of many ALTCoin make some coin is just a boom but also many investors and the various types.
What is the effect of increasing the amount of altcoin on bitcoin?
I think there no effect altcoin on bitcoin price. Bitcoin still to be leader on market cap. Altcoin reducing bitcoin dominance from december 2017 till now, on december 2017 bitcoin dominant more than 50% and right now bitcoin dominant below 40%.
Altcoin make cryptocurrency market more healthy and investor have more option on their investment