Today I took my time to go round the market, there are more than 9000 cryptos in the market, but bitcoin is still the king. Now that many other cryptocurrencies are seriously pumping can they take over from bitcoin? If they take over from bitcoin can they last in that position like bitcoin?
What is your opinion.
Those coins are never going to surpass bitcoin, I know that some people may look at such a huge number and will think that at least one of those coins must have a chance of surpassing bitcoin in the future, but it is not true, this market depends almost entirely on what investors think of bitcoin, if bitcoin is doing well then the market is doing well, if bitcoin is doing badly then the rest of the market is doing badly as well, so taking that into account I would not worry at all about such a scenario ever happening.