In my own opinion, the more altcoins and erc20 tokens being released everyday in market, the more it affects Bitcoin or even Ethereum's price to go down.Since the volume of investors should be instead investing on btc and eth are now divided to altcoins.What do you think?
The more altcoins we see in the crypto space shall not cause any problems for bitcoin if fresh money keeps coming in as those altcoins if they are worth it will definitely attract the buyers interested or the potential users of the service provided by the altcoins.
ETH might face problems as we can see it is facing those huge dumps as the ico's which fails to manage in this bear market abandons the project and dumps the eth raised while in crowdfunding.