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.
Of course, the new altcoins will affect the value of old altcoins in one way or another. But I don't think the new altcoins will affect the major altcoins in the market such as the ones you mentioned which are Ethereum, Ripple, Dash, Monero, and others. Top altcoins are best altcoins so it's unlikely for them to die.
I wonder how new coins / altcoins can affect the price of old altcoins. If Im not mistaken, then now there are units of new projects that can occupy high positions in the cryptocurrency market, have high liquidity, demand and a good price.