What will it take for any altcoin to take the throne of bitcoin?
Quick, simple and easy answer - The Coin need to Top the CoinmarketCap, which is currently $820 Billion of Bitcoin.
But it is that easy so. I don't think. Because Bitcoin is the Foundation of Cryptocurrencies, and as we are moving closer to its limited 21 Million total supply, it will only increase the demand and Its marketcap as well as price. Even though with boom of many altcoins people still know cryptocurrency with Bitcoin as its only face. That's the reason why in every Cryptocurrency Market Crush, Even after massive price decline, Bitcoin gains strong market dominance, the more the dip, the more gain in BTC Dominance. Its because panic sellers prefer Bitcoin over other altcoins. Bitcoin holds so much trust in cryptocurrency market that most investors know that their investment will be not lost forever, it may take some time but BTC is going to boom again, it has to. For example we can all agree that BTC will hit 100k $ one day, but when that is still to watch out for. I don't think any other coin have such market dominance, Ethereum (ETH) is strong alternative, even if ETH beats BTC at CoinmarketCap, it will be hard to Beat BTC market price. Because ETH current Marketcap is $356 B but its price is just 3k $.
But still nothing is impossible and no one can predict the future, we don't know how Cryptocurrency will shape the future. Who knows we may have other virtual currency or new alternatives of technology. All that is in future. 😊👍