There is a huge competition between cryptocurrencies, many believe just dynamic and self fulfilling ideas with different properties and a variety of incentives may survive!
The cryptocurrencies that will exactly survive:
- Bitcoin
- Ethereum
- BNB
- Other altcoins that exactly have a use case, strong and interesting fundamentals, strong tea and professional team, much money of funds, good project and promotion progress & development, listed on middle-top exchanges, have high trading volume and market cap
I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?
Of course, moreover, for now, cryptocurrency cannot defeat fiat in a matter of legal currency in the world.
The causes are not only about the culture and also ethics, but mostly is about the regulation of the country itself.
To be honest, I have been discussing in this forum for a long time and have found many similar questions, especially regarding which projects
are profitable and will last for a long time. Like the 3 coins you mentioned, it is true that the coins will survive and of course it will be profitable
if we invest in these 3 coins. Because these 3 coins do have a very high demand and strong fundamentals. So for newbies, make sure to invest
in popular coins with strong fundamentals, it will guarantee that we choose the right coins. Avoid investing in new projects, even though they promise
big profits, but have big risks and often end in losses.
Regarding crypto overcoming fiat, it's just a fear from the government, because from the beginning crypto was created not to replace fiat.
However, as an alternative to fiat, to be able to cover the shortcomings of fiat. Then it would be better if fiat and crypto co-exist, that's what
human life needs. But the fact is that the government is strictly limiting the use of cryptocurrencies, so it seems that crypto will never beat fiat.