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.
Imho, the fate of most coins is doomed. Only a few coins will remain on the cryptomarket and will be in demand. Quite a small %, as it seems to me. The same xrp should not survive, as it contradicts the idea of crypto because of its centralization. Many adhere to this point of view and speak ill about it -
https://revain.org/projects/ripple. About eth, I have the opposite opinion. It seems to me that eth is waiting for a better fate, namely, success. Of course, this is only an assumption and we can only find out the truth in the future.