Most altcoins try to achieve where Bitcoin failed, but most of them also fail because they can't get as big userbase as Bitcoin has. Nowadays people want cryptocurrency to be more than just store of a value, but no cryptocurrency wants to be like pyramid scheme, where whales have 90% of the supply and the remaining majority have 10% to share.
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I feel that as adoption grows that will level out.
The printing presses running out of control will drive people to crypto and thus blockchain.
Check this out
https://decrypt.co/29008/bitcoin-now-accepted-across-20000-retailers-venezuela
As a cryptocurrency developer myself, I sure hope adoption of altcoins will eventually grow... Not just for the biggest ones.
Most altcoins are launched by a central entity, which makes them not all that much different than a sovereign currency. The fact that no one controls bitcoin is the reason central banks and countries will likely agree to use it as a settlement layer. No one has an advantage over the other.
Someone pulls the strings behind even Bitcoin... Otherwise there would be more network splits and forks..