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.
Now the cryptocurrency has fallen very much, bitcoin clearly dominates the market, I think it is necessary to observe the market and it is better not to enter , and if you decide to enter then only open short-term transactions.
How long will the market be this way with bitcoin rising dominance? and what are the worst scenario we could face with altcoin if it gets uglier? Lets say some coin dies and a lot de-listed, with the new projects coming in, will the trend be the same with the price dump?