With a very drastic increase in Bitcoin from December 2020 until now, has proven that Bitcoin is the best cryptocurrency. In fact, only a few
altcoins followed Bitcoin's price increase, and unlike Bitcoin, it went up quite high. The price of altcoins is rising slowly, maybe because
the market is still dominated by Bitcoin as much as 70% today.
Therefore only Bitcoin is currently capable of creating a new ATH, while the altcoins haven't returned to the ATH price. But many predict that
in 2021 there will be alt seasons which will make all altcoins prices skyrocket back to ATH prices. Therefore we still have to continue to monitor
the development of the cryptocurrency market, whether the prediction is right or wrong.
The price of bitcoin is only a rough indication of its true value, when satoshi first created bitcoin a single bitcoin may have had a price of zero dollars as no one was buying it or selling it but it had value as it was the first decentralized currency history has ever seen, the price we see of bitcoin above 30k is just a reflection of the underlying value of the technology.
Most people only care about the price and there is nothing wrong with that but when you really take a look at the technology you begin to see that unless some major disaster hits the world bitcoin is bound to become incredibly valuable as it will provide a safe haven for those that do not believe in fiat currencies anymore and as such its price is also bound to skyrocket as well.