I think that bitcoin is the one which has an edge in the market and in my opinion Bitcoin can not be challenged by another coin and i love to say that people who have crypto holding now they are very lucky because they can get benefit from it and when the market recover many new projects will start this for payment currency so bitcoin can be the leader now and in future too,
What you are mentioning is having nothing to do with the current critical situation of bitcoin price levels. Bitcoin is always the leader and it will become the primary currency for new projects an well as for existing projects without any doubt on it. But OP is asking about what is going to happen next in bitcoin market. My answer should be the "recovering" is going to happen.