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?
There is already too much altcoins circulating now and there are way too many people using these altcoins to take money out of the market, what would happen if there were way too many altcoins circulating around on the m=internet is what we are experiencing now. The best we can do is to hope that people stop investing in the scam coins