yes we all know that coins that are in altcoins always experience growth, altcoins exist to balance bicoin prices. and with the presence of altcoins we have so many coin references for investment, and everyone is always looking forward to the new altcoins.
The market needs new projects, it supports the development of the crypto currency market, but too many new projects are also bad. If there are too many projects, some promising projects will simply be lost among a huge number of useless projects.
that's true as more and more new projects emerging will make the coin already on the market before it will be left by the investor, and I am not sure with the increasing number of projects whether it will be realized or just as a place to deceive investors.