With many new cryptocurrencies sprouting in the net, is it possible that bitcoin can be overtaken as a top digital currency in the future? Is ethereum or other well known cryptocurrencies can be a threat to bitcoin dominance?
first of all, a threat to bitcoin?! what does that even mean. do you think when bitcoin was created it was a threat to fiat? of course not, they exist side by side and work independently.
and i believe the same thing is also possible with altcoins, if they are good enough they can become as big as bitcoin and even bigger if they really have something to offer.
but are the current existing altcoins capable of that is the biggest question. and in my opinion the answer is not specially about ethereum with the recent huge dump.