For me, the reason why Bitcoin became king is because he is always at the top, and when he is said to be like a king, he is always followed by those who are below him in terms of price value.
Because it has been witnessed by other communities here in the past few halvings, when the value of Bitcoin increases, most potential cryptocurrencies also follow its rise, and if the value of Bitcoin falls, most or all other cryptocurrencies also follow the fall in the price value they have.