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.
Although the creation of new altcoins saturates the already crowded market and creating more confusion for adoptors, I think they all aids in the development of blockchain technology. I think these new ones will not affect the already established altcoins like eth, xrp, etc. as they already have their niche in the market. They will just give more competition to others that struggle to make it big but I think competition is good to users.