What if all cryptocurrencies merged together? Cuz if it merges, then the price of Bitcoin would pass $100,000? The market cap would be at $3 trillion dollars but what will the price be for 1 coin?
Do you know by chance that if you merge the components of a Labo and a Ferrari and make a new car you won't get anything better nor more expensive?
Well... it's kinda the same with "all cryptocurrencies merged together", just here you'd merge the Lambo with Renaults, Audis, Latas, Tata and so on...
Perfect example. If you have a Ferrari that can go +300km/h, and add an engine from a Lamborghini, that can go also +300km/h, new cars engine wont go +600km/h. Same is with Renault, if you add engine parts from Renault Clio to Ferrari, it wont do same +300km/h.
Moving trading volume from alts to Bitcoin, for example, will cause a price growth in the beginning, as Bitcoin owners will try to sell their crypto more expensive, but later the price would go down and normalize. It will be sort of a pump and dump, but without hitting bottom.