Even still, now it is very good chance for the investors to grab the altcoins because altcoin prices have decreased a lot gain the market which now it is very good buy zone for the investors who wants to invest. So always try to grab the coin when the coin prices went very low in the market.
Altcoins just underwent a significant process of price discovery. 99% of them were drastically overvalued and many of them are essentially worthless.
the number of altcoins is currently more than 2000 and makes altcoins competition very tight, while investors do not increase significantly so that many altcoins worthless and die.
Usually it shouldn't be too much about competition among the alt coins because they serve very different purposes. The point is that they are what they are, and that is worthless.