It has been decades now since the Bitcoin became a popular name in the world of cryptocurrency. However, it had a slow start but eventually became a global crypto coin. All Kudos to its developer and founder, Satoshi Nakamoto who planned a whitepaper featuring the benefits that made it welcomed by people for trading. Bitcoin is the foremost crypto coin by which people came to know about cryptocurrency. They had hardly expected any technology that would become an alternative to the traditional currencies that they have been using until now. Not only it achieved worldwide fame, but it also paved the way for other alternate currencies which are known as ‘altcoins’. But despite maximum numbers, these altcoins failed to win over Bitcoin.
Now, what are the reasons behind this failure?
I witnessed how chainlink dragged LTC out of its position few days back on coinmarketcap making chainlink leaped over LTC, I believe that what keeps Bitcoin on its 1st position till date is marketcap and popularity, the popularity gives birth to strong support and strong community, it won't be an easy challenge for any altcoin to win over bitcoin, it's going to be a tough war