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.
in my opinion old coins like ETH and XRP will still survive even though many new altcoins are appearing. because I don't think new coins will be able to rival the trading volume of old coins. and old coins also have a large community. and for new altcoin, if the developers don't work hard to create new breakthroughs, altcoin won't be able to last long on the crypto market.
You never know what the future will bring.
New altcoins have the big advantage, that they learn from the mistakes of the previous coins.
So they can develop better coins from the very beginning.
Second thing is, even a big community is not a guarantee that the coin will reach a good volume or price.
Sadly I look at the good old Byteballs/Obyte which has a big community and is practically dead right now.