It will, but that shouldn't discourage others to invest not only in it, in my opinion

Every coin has its cases and usability.
Why need to have one coin when we can have multiple and make money on that?
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Some people are maxies, some - don't see value in most of the old coins, not to mention the new ones

It's not good or bad, it's just the way it is. And it's normal.
I do think that diversification is great and do see value in other big alts. Old and reliable alts.