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?
Too many altcoys can not be. How many would not appear, but the market determines their demand and prospects and all useless types of crypto currency disappear. The need for altcoyns is not limited yet. They will still appear very long and it is useful in general for the market. Altkoins are developing very quickly and it is quite possible that one of them will make good competition to bitcoin.