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?
Already there are more than two thousand types of crypto currency. However, our life is so multifaceted that crypto currencies may very well be several times more without harm to reduce its quality. The basis of the crypto currency is tokens, which are used in the narrow sphere of our life and have very little competition with anyone. Therefore, I do not see any problems in increasing the number of altcoins.