Yeah, we can't underestimate BTC impact on other crypto coins! But if I am not mistaken STEEM, BTS, ETH, EOS were came as competitors of BTC! At the moment STEEM, BTS, ETH could challenge the volume of transactions of BTC! But they didn't challenge the BTC marketcap so far!
I wish STEEM might challenge BTC marketcap in next 2-5 years of time!
Great analysis and useful discussion! In the crypto world anything is possible! So I am keeping my faith on STEEM than other coins!@cryptographic,
Cheers~
You're absolutely correct: there are several competitors on the transactions front, but on the marketcap front, BTC is still more than double its nearest competitor!