Is bitcoin destined to become the MySpace of Cryptos?

Is there a possibility that Bitcoin, the pioneering cryptocurrency, could suffer the same fate as MySpace, a once dominant social media platform that was eventually overshadowed by newer, more innovative competitors? With the rapid evolution of blockchain technology and the emergence of numerous alternative cryptocurrencies, is it feasible that Bitcoin's dominance could wane over time? Are investors and enthusiasts justified in questioning whether Bitcoin's position as the flagship cryptocurrency is truly secure in the long run?