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.
Tight competition is what makes projects serious because when they know there are others trying to overtake them, they will put in more effort which in turn add to the crypto space as a whole. About new altcoins, they can only bring tight competition when they prove to be worth it, that is, a new project can only prove to challenge ETH for example if the team mean business as well as bringing features which have never been heard of, anything short than this will only make the project to trend at the moment then off it goes.