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?
You should by now notice the relationship that exist between Bitcoin and Altcoins, it is a see-saw effect, the money first flow through BTC and later filter into ALtcoins, some Altcoins may pump hard but do not means they would retain this gains, for me value will come into a project if the project is a good project no matter the numbers of competing projects