Till date, why is there no crypto that is near Bitcoin's worth?

[F.Developers]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

[cytpoway121]

This is a big technical question but the response is not far fetched
We could start by analysis the growth stages, development and acceptability (the use case)

Why is there no crypto that is older than bitcoin ??

Bitcoin is simply perfect and unique both in usefulness and even the name

[Russlenat]

I think it is because bitcoin is the most trusted coin of all than any crypto in the market, even it is too expensive and yet more people want to invest on it or converted their altcoins to become bitcoin.

[joshua123]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

Probably due to trust. Many people still prefer bitcoin over other crypto coins especially the new projects. Mostly trade their alts into bitcoin when they gain profits. Actually I did the same, its but I trade it to ethereum instead of bitcoin.

[Jamesdila1]

BTC is the first crypto and all coins are pared with BTC. so usage of BTC is so high. also its the most using crypto currency in stores and airports. but in near future i think other coins also will catch BTC price . because new coins have better tech than BTC

[ongkok87]

I think it is because bitcoin is the most trusted coin of all than any crypto in the market, even it is too expensive and yet more people want to invest on it or converted their altcoins to become bitcoin.

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it seems true because so far no one has been able to approach bitcoin because bitcoin is a very strong coin to pump up the price, so whenever that bitcoin will still be king or number one coin in the crypto world

[elliuut]

I think its how established bitcoin has been as a brand. Since it is the oldest crpto out there many people have trust in its use and structure unlike new ICOs whereby some of them might be a scam.

[GalaxyWorld]

I think it is because bitcoin is the most trusted coin of all than any crypto in the market, even it is too expensive and yet more people want to invest on it or converted their altcoins to become bitcoin.

BTC is a coin that can be said to be a surge in price and no one understands why the BTC price so high, so I think we should consider before investing in electronic money. At present, the price of coins keeps going down, no coin rising as BTC.

[Herbert2020]

a very good question and i hope more people start asking such questions.

there is a very serious problem in the altcoin market and it has existed from early days but it is only becoming worse and worse as the time goes by. the problem is that people care only about making money and nothing else. you can clearly see that the focus of majority of new projects these days is to make money and nothing else. this goes as far as killing innovation! we haven't had any good innovative project for a very long time and even if we have some it will be buried under the pump and dump coins!

Bitcoin is simply perfect and unique both in usefulness and even the name

wrong. bitcoin is pretty good and has lots of usages but it is far from perfect. there is a lot of room for improvement and that means there is opportunity for competition.

I think it is because bitcoin is the most trusted coin of all

i disagree. i believe it is because others are not-trusted and bad.
otherwise i strongly believe that if some day we see a really good cryptocurrency that actually solves some of bitcoin's problems (instead of pretending in their advertisements) then it can become as big as bitcoin if not bigger.

[okala]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

Bitcoin is like a central banks to other cryptocurrencies and as such it has to dominate the market.  We are at the time when bitcoin is drawing many others coins along with it if it is getting bullish and likewise bearish trend.  I think other coins can only grow when bitcoin is growing and if you want to invest in any other coins you have to see what is happening to bitcoin first.

[rosezionjohn]

How long has Bitcoin existed? How old are these altcoins?
I do not know whether an altcoin will come near Bitcoin's worth but these altcoins also need time to established themselves. Many among them are just around two or three years old.

[waser12]

First of all it should be a crypto currency that based on technology stronger than bitcoin, it should be accepted be whole crypto community, allow payments and transactions with misery commission fee and should bound all crypto currencies. I think it will never happen.

[Herlina]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

Supply and demand are two things that can create prices, Bitcoin can reach its current price because it is rare and has high market demand, while most Altcoins have a lot of supply and their market demand is lower than Bitcoin, these differences make Altcoin prices tend to be lower than Bitcoin

[khufuking]

The answer to this question might be very simple or complex. The simple answer is because there is no Cryptocurrency until this very moment has a value greater or even equal to the value of Bitcoin. The long answer would be even tho there is a lot of coins surpass Bitcoin in term of technology no coin will surpass or come close to Bitcoin value because the value of Bitcoin is, not in the technology it present at the moment, there are a lot more factors that weight in Bitcoin side, for example, Bitcoin is the first cryptocurrency ever and it is the backbone of the whole Cryptocurrencies.

[Wale777]

Other altcoins are not close to bitcoin in value because bitcoin is way far developed and trusted than altcoins,  most altcoins developers ain't committed to the development of the project whitepaper and roadmap like bitcoin has done over the years. All altcoins can achieve the tremendous growth and success like bitcoin if they can work hard in the development of the project

[tycsols]

That is simply because each and every coin is unique with its own coin economy, popularity, use cases and multiple other factors, so i do not thing its about comparing prices, the strongest btc contender is eth but then again eth has larger supply  although at the moment eth is very undervalued but i do not think even eth can grow more than btc, certainly not in near future.

[somansy]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

to me, the answer is always the same - btc was the first to get such a promotion, the first in general and it has never been a scam. it has a reputation, a name, so people tend to trust it

[qualitywork]

I think it is because bitcoin is the most trusted coin of all than any crypto in the market, even it is too expensive and yet more people want to invest on it or converted their altcoins to become bitcoin.

You are right, BTC is more popular and trusted coin in crypto trading. People were shocked last year after seeing it was over the moon and this made them to trust most and  they started investing in this coin.

[CryptoBry]

This is a big technical question but the response is not far fetched
We could start by analysis the growth stages, development and acceptability (the use case)

Why is there no crypto that is older than bitcoin ??

Bitcoin is simply perfect and unique both in usefulness and even the name

So far nobody beats the King of Crypto no matter what are the pretenders are saying against it. The originality of the first one has been one of the biggest advantages of Bitcoin and this can be going on for the next few many years maybe. No coin is able to detached itself from the movement and influence of Bitcoin so all of them are just possible heir to the throne. We still do not know if there can be a time when Bitcoin can be dislodge from its prominence and which heir can take the crown. All the shenanigans of people who are pushing their own self-vested interests are just that...shenanigans!

[none of us]

maybe it is also because that bitcoin is supported by many large asic miners and thus has the strongest network. no other coin has such a network and therefore maybe not such a price, but that is just my guess and no specialist knowledge.