Only Ethereum is able to do this at the moment. I do not know may be in the near future there will be some kind of giant and will bypass all alternative cryptocurrency, but so far only Ethereum is a competitor for the top spot for Bitcoin. You have to understand that now the age of technology and Ethereum is a flexible technology unlike Bitcoin which is digital money.
Everyone thought that Bitcoin was going to be overtaken by Ethereum, but that never happened and hopefully it never does. Ethereum isn't really even a competitor for Bitcion. The price of it has been fairly static whereas the price of Bitcoin has been going up frequently. I doubt there will be an altcoin, capable of overtaking Bitcoin, getting released in the near future. Bitcoin definitely has a long life ahead of it.
Etherem was hyped up by people, what do you expect? These people are just spreading all these good stuffs just so their investment will yield profit. Today, if someone said that bitcoin will be replaced by ETH, people would mostly disagree. But back then, when ETH was just released, a good part of the community believed ETH's promise to replace bitcoin. Yet here we are.
Even though ETH wasn't able to replace bitcoin as of now, we can't dismiss the fact that all of these altcoins have a chance (although some are terribly small) to replace bitcoins someday.