Some people believe that because they see that Facebook is managed by a strong team, and they see the facebook coin can beat bitcoin. But to be honest, it will difficult for the facebook coin to compete with bitcoin as bitcoin is the leader of the cryptocurrency and besides that, the facebook coin will need to prove to the public that their project is worth to invest. Many people still believe in bitcoin because bitcoin is unbeatable until now, and they don't think that facebook coin can compete with the strong altcoin list in the coinmarketcap.