altcoins can be a reason in the market to increase the price of existing coins, with many altcoins appearing to cover the correction that occurred in bitcoin, now bitcoin prices are starting to weaken while altcoins continue to appear but on the other hand we can see bitcoin has made a lot of corrections so altcoins or ethereum can be used as a solution now
As more coins join the market, it could spread out inventors money and make a new coin or existing coin not have as quick gains in the past.
It is all about investing in project after you do your research and only invest what you can lose. I like to look into projects I think will take off because I like the case use. I am really excited for Black Eye Galaxy ($BYG). NFT/planet owning game that you can actually get returns on planets/resources you own in game.