The possibilities are very present as recently I read an article declaring USDT (a stablecoin) as the most traded coins in recent months meaning more and more users are using stablecoin to trade bitcoin than other cryptocurrency also considering the numbers Libra will be bringing into the space with billions of users, bitcoin can't compete with that. Libra can easily become the most transacted coin and once Libra achieve success others would want to profit from the industry by creating their tokens thereby bringing about more adoption.