The more new coins that are present in the crypto market, will certainly enliven the crypto world. My question is how do you look at the future of the altcoin, with fairly tight competition. Will it affect the price of old altcoins, such as Ethereum, XRP and others.
The Proliferation of altcoins could be a reason why major altcoins are falling from their pedestal which is came as a result of high competition. But I think this competition is healthy and on a long run will breed only the best altcoins worthy of adoption alongside the Bitcoin