More and more ICO projects are coming based on many major currencies and specially in this year the trend increased rapidly with many reputed organizations that are in various industries and trades decided to start there own digital currency to make there business more effective and efficient in order to gain more profit.
Can these new launching Altcoin's make a negative impact on bitcoin's expansion in the future because we all know in order to increase the demand, usability and accessibility of bitcoin it should be widely use in most business areas but if Altcoin's take these opportunities how it can achieve its vision to become a widely used digital currency
no
actually all altcoins or tokens depend on bitcoin
98% who have a pair to fiat is bitcoin to cashout
that's why if the price of bitcoin goes down then the altcoin too
bitcoin still dominates the cryptocurrency market for now