Currently, Monero is the 10th largest coin by market capitalization. Crypto miners are attracted to Monero because it has emerged as the most profitable altcoin in the past few months.
A research firm Satis Group, which forecasts the cryptocurrency market and the fate of individual cryptocurrencies, published a reporting stating that Monero could be worth $18,000 within the next five years. That represents a more than an 18,000% increase from its present value, which stands at just over $106.
From"
Monero's price: all you need to know"
How do you think about XMP? Another BTC?
Its too early to tell. But, at some point. Monero would have to surpass bitcoin's demand level and if ever Monero comes to a point where it became much higher than bitcoin then that will be the time when bitcoin becomes too unimportant and not much needed.
It would probably takes 10 years and we will see what might happen. But for now, its too impossible.