I'm just curious if what are the effect of increasing number of altcoins in the market is it good or bad in crypto currency? Do we really need a lot of altcoins in the market ?.
Competition in the market is always useful for its development because to stay in the market a project needs to be good enough this means that good projects will develop under market pressure it will push the entire crypto market up in price and as projects .
I completely agree with this one. Competition makes them think even more brilliant ideas like never before. All we need to do is pick those serious start-up that will likely a kick-starter to mass adoption. When crypto will have no more boundaries in our daily lives, then no reason for cryptocurrency not to perform well.