All alts price is down, but the question is !
will all of this new projects take the lead in the next bull run and leave behind good alts that have been in the market for several years ( for example STRAT , SYS , XEM etc.. ).
in my opinion it is competition which is good that will survive and attract people such as projects that are always developing updates even though the coin has been old but does not develop for what the new altcoin is stored and which has good prospects that will be liked by many people