I think it is the first time in the modern history when it is possible to see how currencies can compete against each other without government intervention promoting one coin and trying to compromise another.
The presence of competition between altcoins means that users will have the several option to choose & due to decentalised nature of this industry its very easier to compete against each other without governments interventation. Check out the rival of ethereum blockchain EOS there is possibility that dumping in price of the ethreum is done by EOS as they had raised hell lot of funds around $4 Billion.
If I'm not mistaken, right now we have over 1000 different cryptocurrencies. I don't know about you but to me it is an obvious overkill, a lot more than we will ever need, for real life. So how are things going to develop in the coming years? Will most of these currencies die out eventually and thus their total number is going to decline dramatically or will we always have an influx of a shitload of new coins?
We will always have influx of the new coins in the market with different or same concept of the projects & this will give more option for user to choose different different platform as per their requirements & will also put pressure on the project to work more on quality assurance and product developments or their coins will be soon added on the
https://deadcoins.com/ What should we expect from cryptocurrencies on the scale of years or even decades? How many will be there and how many do we actually need?
Presently We need clear set of regulations about cryptocurrencies as due to unclear regulation institutional investors are not entering into that market with investment. Already working on this issues are going on by US governments & once they come out with solution than other nations will also follow the same steps or by with some changes as per their jurisdiction. Hopefully this will happen by 2020 & than no one will stop cryptocurrency to hit the mainstream & change the digital economy forever.