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?
I think it's not a problem if we have many altcoins in the market as long as they have a good application and adoption that can attract investors then they will survive. Currently if we look in the marketcap we have many altcoins that and I don't know if they will survive in the next 2 years.