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.
Competition between new and old altcoin will always happen, and new ones always bring new things better than altcoin before.
I think it's natural that the price of old altcoin will be affected by its young competitors.