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Well popularity is one key to current competition. Well we have the likes of bitcoin and eth but there are out there that could be used as well. Im not sure L1 projects that are competing with eth could somehow manage now but maybe in the future if they could improved all the development and secure more recognition among all countries maybe. I am thinking matic, could be a game changer with the likes of trx, litecoin and dogecoin. Obviously binance coin which has an outstanding performance and known by a lot due to the Binance exchange.