I'll agree with you. I strongly believe instagram is taking over snaptchat. All of my friends switched to instagram from snaptchat. Some of them will still post on both instagram and snaptchat but it feels like they keep posting on snaptchat until their last set of contacts move from snaptchat to instagram itself.

I do believe that the people working for snaptchat are trying their best, and they are innovative etc, its just seems that instagram itself has become the new hip and its seriously competing with snaptchat.