Looking at the difference Bitcoin has given the other coins in the market properties, one can conclude that Bitcoin has no tight competitor in terms of market cap and volume. Bitcoin has gained the trust of the people more than any other coin.
Bitcoin is the most popular but there is still competition, however it's clearly evident that bitcoin is dominating them all.
Hence, we have to be careful in investing altcoins because they would not move well if bitcoin will not be performing well, altcoins depend on bitcoin.
Though bitcoin is the first and most popular cryptocurrency in the market and still remaining its dominance, it doesnt mean that it has no competition at all. In fact there are a lot of cryptocurrency, new and old, popping in the market today.