Crypto today is like the 1980s there are Alt coins that will get hot and decline not to be heard from again; Dogecoin?
The most important thing is that it is delivering what it promised which is a decentralized censorship resistance payment system with high security.
The fact that bitcoin has grown this much has nothing to do with name recognition or being easy to understand because it has neither. With the amount of FUD against bitcoin its name is sullied with a lot of lies and it is extremely difficult for most people to understand how it functions specially since it is different from any other currency they have ever used.
On top of all that it has unlimited supply with a gigantic premine of 72 million.
For now it is being pumped for a couple of weeks maybe but there is no future for such a severely flawed design.
It is also known as a scam coin specially since it had to scam people to force them into buying it. Like what bitcoin.com did when people went to that site clicked "buy bitcoin" gave their "bitcoin" address but they received bcash instead!
First let me say I am not knowledgeable enough about the technical applications of any coin.
However, your post is important because it shows the difference between a knowledgeable technical person and the common person like. me.
In the stock market you might be considered a fundamental analyst. That is a person who reviews the income statement, balance sheet and market conditions for a particular stock. I would be considered as momentum analyst. I look at the price action and sociology of the stock buying public.
Technically everything you say could be absolutely true about the 'shit coins', I own. However that does not mean that they will not survive in the long term. Think about the debate between the computer IOS. A lot of people say that 1980s the Apple IOS was better then the MS IOS for computers. For example, Apple used less memory and was more intuitive. Yet MS has a larger market share in computer IOS now.