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 bear market the pricr is affecting on old altcoins. Total market cap doesn't move up so fast where daily new coin/tokens is listing in coinmarketcap. Another exiting news can't move forward of old altcoins where new coin has one new exchange news enough for that, this is recently future of altcoins.