Cryptocurrencies have been mainstream for some time now, yet only 2 coins (BTC and ETH) are considered blue chips. Is this a good or bad thing for the crypto space?

During the last few years, we have seen the crypto space achieve widespread recognition and adoption by people, companies and institutions. However, despite the growth of the market, only two coins, Bitcoin and Ethereu, are considered to be blue-chip investments.

Some people may say that this only means that there’s still plenty of room for the market to grow, thus we will see plenty of other “blue-chips” in the future. As a consequence, the crypto space as a whole would reach bigger mass adoption and current blue-chips would grow even more.

On the other hand, some would say that having only 2 blue-chips is a bad sign for the crypto space and it highlights the inherent risks in the cryptocurrency market. This could be considered one of the reasons many people still find crypto too risky as well as speculative.

I know there is no standard definition of what constitutes a blue-chip coin. However, it is quite understood in the crypto space that only Btc and Eth could be considered as such. What are your opinions on this? Does it even matter? Is it too early to have more than 2? Is it a bad or good thing?