Why altcoins exists?

[Bobcrypto]

Yeah, there is need for competition in the market and altcoins has to play this roll.
In addition, Bitcoin and altcoins follow different governance structures, which is why so many altcoins exist.
Altcoins operate according to their own set of rules, and most are either trying to improve upon Bitcoin or to satisfy an entirely different use case.

[sampoerna]

The answer is simple, altcoins are created to support Bitcoin and to follow the great history of Bitcoin. I am pretty sure that many developers are inspired by an unusual improvement in Bitcoin. The price can improve very significantly after several years. Altcoins may want to follow it, there is a chance to have the same great history as Bitcoin.

[mohdelayo]

Because bitcoin is the king that strikes hope on the life cycle of every idea thats sitting and relying on a blockchain technology. I believe that as the industry penetrates into to the mainstream deeply, that attachment that is holding altcoins to bitcoin will eventually get free up.

[Quantum X]

It is not the altcoins why the price of bitcoin is moving up and down in the market but it is the bitcoin who is responsible for the altcoins price in the market but of course scam altcoins are not included.

[Rafiq]

I think Altcoin has enriched the crypto world. Both Bitcoin and Altcoin have been systematically linked to each other to make their existence more colorful. Although the names, goals and features of each project are different, they are all connected in the crypto world to maintain their existence.

[Legion]

Altcoins can exist and are trending because altcoins have very useful projects.

[Alcor]

It's like asking why there are different types of clothing or different types of cars. Monotony cannot meet the different needs of people. Bitcoin cannot replace the entire cryptocurrency and provide all of its various functions. Therefore, the number of altcoins will continue to grow.

[EAA-ALLAH]

I think altcoins exist so that there can competition.

Altcoins are the cooperative of bitcoin and simultaneously altcoin also a good competitor of bitcoin. Because Ethereum is the 2nd favourite altcoin, YFI is the good competitor of bitcoin.

[tinakoya]

Besides bitcoin all cryptocurrencies known as altcoins. So altcoins depends on directly and indirectly on bitcoin market. I think if bitcoin will exist and simultaneously all altcoins also exists. As say without altcoins bitcoin will not survive a single day.

Bitcoin was surviving without altcoins and will continue to survive. Altcoins have their different purposes, as satoshi was bold enough to create bitcoin, he gave other balls to create altcoins. Funny but true

[Crypto Guard]

with a growing number and variety of altcoins. this made altcoins even more popular. as more and more people come to invest in one type of altcoins. Especially the emergence of potential altcoins, increasingly convinced people to invest in altcoins.

[Raboni]

Food without ingredients are messed. Altcoins give more delicious taste to all who are not satisfied to Bitcoin. Altcoins delicacies somehow is better.

[wawan96]

Altcoins can exist and are trending because altcoins have very useful projects.

not all altcoin has a useful and clear project only certain altcoin which has a good goal and a good future it is also uncertain just a famous Altcoin that has a potential that can survive in the midst of new project competition that has a creative idea and has a level of progress that can make All of that becomes more valuable and useful for future technology and the benefits of Altcoin that has a trusted function will be more advanced.

[tervel]

There are good reasons to believe that BitCoin and altcoin prices might be interdependent, given that BitCoin is the dominant virtual currency, similar patterns in BitCoin and altcoin price developments, as well as the fact that a large majority of altcoin purchases are executed in BitCoins.

[svetlana]

Each project creates some kind of altcoin that's why they exist. But not all tokens continue to exist. Many of them disappear. And those altcoins that are now on the market have their own potential, their own technologies and demand in the market. And they also provide people with the opportunity to make money on them.

[ranaprime]

Bitcoin and altcoin both are staying in a suitable position. Bitcoin is the 1st crypto currency after bitcoon all arrived as altcoin . As far i know bitcoin captured 57% of the total crypto capital and 43% is covered by altcoins. Definitely i can say that now altcoin also in high position .There is no doubt about it.