I imagine if there is a lot of altcoins, there will be altcoins that will not survive and eventually lost. Will altcoins that survive has the capacity to raise its value as high as bitcoin?
That is what we are already seeing, there are so many altcoins in the market that people are confused about in which of those coins to invest, some people are willing to take the risk and invest in a coin blindly but there are also many people that have decided that since they cannot distinguish between a good coin and a scam coin then they are not going to invest in altcoins.