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.
There are already more than 9,000 cryptocurrencies in the market today, and the last time that I checked, there were already about 14,000 cryptocurrencies in the market. New coins are being released into the market all the time at a high rate, and around the beginning of next year you would see more of them and it might even be more than 15,000. But they are all still not going to be able to surpass Bitcoin, that’s more like an impossible thing for them to achieve. Bitcoin is the main cryptocurrency, and taking out the main is not an easy fit to achieve. So all these alternative cryptocurrencies are only going to compete among themselves and wouldn’t get close to Bitcoin at all.