I don't think so. If some other projects will do their plans IOTA will die. What it have exclude capitalization and promises? Holders and empty github. And their DAG realization have bugs also
From my perspective, that argument can be used the other way around. If you look at the top 10 coins, there is just no need for TRX, LTC, ripple/stellar (one of them is enough) and neo. Bitcoin cash is also useless.
I mean, in the end it's about adoption of use cases. Barely anyone of them have that