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 the old altcoin price will not be affected by the new altcoin price, because altcoin prices will only be affected by the product, so if the product is good then the price will increase but if the product is bad then the price will go down and die.
Of course, I believe you are right. In generally i think future of altcoin's are bright. Especially listed in the coinmarketcap the top 1-100 coins are very good. I am not worried about these coins.