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I'm so hyped. ID vtuber market is a perfect example of a textbook healthy free market.
We have the most efficient pioneer who can survive and thrive (Holo ID), but at the same time also pioneers that failed and declining (Niji ID & MAHA5). On the other hand there are new players inclining and can potentially be the future challengers for the current winner.
Unless there's some unexpected occurance like another economic crisis or government banning vtubers or a war or any other weird things, there's only one path forward, and that is the future where the most efficient and entertaining vtubers will survive and create a more valuable market as a whole.