Monero maintains a strong community and real-world use case but faces more external risks (regulatory, network security). It’s still a viable choice for those seeking privacy and willing to accept higher volatility. Bitcoin is better. Dash too.
At the moment, Monero is not having it rosy with the heated competition it's having with the Qubic project. From what I read on X, Monero is under attack with Qubic been in control of 51% of its hashrate. This is threatening to destroy confidence in Monero. According to the post, "With its current dominance, Qubic can rewrite the blockchain, enable double-spending, and censor any transaction." That's not good for Monero's image. You can read up the rest of the post from the link below. I can tell, it's not looking good for Monero.
https://x.com/p3b7_/status/1955173413992984988?s=46&t=Tge7wL0CQSIsAr5gGlK3vw