More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency
This is a yes and no answer. On one side it is true that the investor's money is diluting in many new coins, on the other side the Whole crypto space becomes stronger by the fact that so many different coins exist. Diversity means an ecosystem, which is something with an added value.