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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.
You've made some excellent points about the potential contenders in the cryptocurrency space. It's true that popularity plays a significant role in broader acceptance.
You mentioned Matic, which has indeed gained attention for its scalability solutions. Additionally, coins like Tron (TRX), Litecoin, and Dogecoin have also managed to establish themselves.
While discussing prominent coins, I'd like to suggest that you explore
https://coinremitter.com/?utm_source=rep&utm_medium=reddit as well. They are providing user-friendly and efficient payment solutions for cryptocurrencies. As they continue to develop and gain recognition, they could also become a significant player in the payment gateway space. It's always worth keeping an eye on promising projects like these in the crypto world.