Although Bitcoin is not in a good state at the moment, it is still the king of the current cryptocurrency, and it is also the world's most watched coin!
Of course bitcoin is the king of all other cryptocurrencies in the world. In the future bitcoin will take over the market and all other currencies will disappear from the market fiat and paper. Although the price of bitcoin is low these days but still the market value of bitcoin is more than any other currency of the world. Gradually people will understand the importance of bitcoin.