Will the rise of altcoins eventually lead to the demise of Bitcoin? Ultimately Bitcoin has been tested and it has a place in the crypto world. Join our discord
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It has been years in which Bitcoin has been in existence, and it has grown massively over the years, both in reputation and price, in fact it is the most trusted and most valuable till date. On the other hand, the number of altcoins has been growing over the years as well, and only few can be said to be valuable and they include Ethereum, LTC and so on, these coins for example have tried all they could but finds it hard to replace Bitcoin. Also, we have an immensely high number of new altcoins with even many still on the way, but out of these numbers, one can hardly count good altcoins which really aims to bring a change, that is, a good number of them grows at first then starts dying slowly until users and investors, abandons it and move to others.
From another point of view, the attention on altcoins are spread over many, wherein most are only seen as a source of profit and nothing more (pump and dump), to prove this, taking a look at the recent growth of the market, one will see that only few altcoins are growing, what about the others?
So to cut the whole story short, most of the attention coming recently to the crypto space is always targeted or seen to be towards Bitcoin hence, it is another proof that Bitcoin can not be replaced, but will keep growing, while top altcoins as well, will be growing and on the other hand, most new altcoins based on hype with no use case will continue decreasing in value.
