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.
It depends on how high quality products appear on the market. The presence of promising and high-quality projects will either push existing projects to improve their product, or overshadow old and uncompetitive projects.
I am sure that there are enough projects on the market that are much more perfect Ethereum. And when investors are ready to pay for a quality product, then such projects will show tremendous growth.