So what do you think would happen if another Cryptocurrency (Example Monero / Ethereum etc) were to take Bitcoins spot as first in market cap?
Well if that will happen thier will be a new king on crypto but as we see so far that theres no other coin can surpass the value of bitcoin.
Yep, expect bitcoin to drop in value, but as of now there is no strong coin that can defeat bitcoin on top. The current trend is still depend on the market situation of bitcoin. Maybe in the future, who knows right? Since this is a continuous growing market.