Quote from: glendall on August 08, 2019, 12:02:51 AM

Quote from: Almasani on August 06, 2019, 09:17:32 PM

Quote from: raden1922 on July 15, 2019, 05:51:56 PM

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.

I think the coin will last depending on the platform they are developing. If the platform has a dual function, then this coin will last and the price will be higher. Examples are coins created based on their own blockchain, and the blockchain can be used to make new coins (smart contracts). Secondly, the coins are from the wallet source. The wallet can be used for any coin in the future. Third, coins from exchange sources. Exchange can be used by any party. So that the coin will last, and the price will be higher. Suppose a BNB coin from a Binance exchange source. When there are new coins that appear and register to Binance, then Binance can make a rule by listing coins in the Binance exchange to use BNB coins. Automatically parties who register coins to Binance must buy BNB coins.

if I understand what you mean, it means that altcoin will survive whatever form it takes as long as the coin has clear usecase and has a high demand.
and the most important point is the high market demand for the platform, because there are also many exchanger coins that are not very good value because the exchanger does not have enough demand.

Of course. The platform they developed is very influential on the value of the coins they have. I gave an example of a new coin that is able to maintain exchange rates, namely AWC. Even the current price is higher than the price at the time of listing to the exchange. This means that they maintain the value of coins not only rely on transactions in exchange. Apart from that, coins that have personal smart contracts are superior to coins that use third-party smart contracts.