You feel there are competition with bitcoin until most of these projects fail to keep up or are being replaced by new modified projects. Bitcoin has been relevant since it’s invention and it keeps growing in popularity and value and so many years past and it’s still at the top. Bitcoin was invented to serve as an alternative currency (digital money) and be used as payment and Lots of people and businesses still make use of bitcoin as payment method and everyday more people accept it as a means of payment but also it’s volatile nature gives people more benefit to earn from holding bitcoin and that has made it to be seen as an investment tool which is why most people try to benefit by holding bitcoin.