Would love to hear your thoughts:
Can Bitcoin remain dominant without offering more utility?
When it comes to technology, Bitcoin is a dinosaur. Since the ICO boom, we have had multiple other altcoins which are faster, cheaper and technically more advanced than Bitcoin. Did it de-throne Bitcoin at all? No! Even though the initial purpose of Bitcoin was to become a peer-to-peer digital currency system, it was diverted from that mode and became the most favored Store of value. So I don't foresee any further shift from that position. Bitcoin will continue to remain the favorite store of value and will remain as a dominant force of the crypto market.
Are utility-based altcoins the real future of crypto?
Could be! There are many prominent altcoins available in the market which takes care of multiple utilities. As I have mentioned above, we always had technically advanced altcoins in the market. These coins are finding great success and I am sure we will see more utility-driven altcoins in the future as well. But a time for market consolidation will come. We are yet to see that! Also I honestly feel, memecoins should get completely banned from the ecosystem.