Looking at the Wikipedia article on basic reproduction number, it looks like the most contagious virus (as of right now) is measles with an R0 (high estimate) of 18. I'm wondering if there is some asymptotic limit to how contagious viruses can get, and maybe measles is close there? If there is or isn't, do we have any ideas as to what biological mechanisms are related to this?
I'm asking because it seems as the new variants emerge, it would be wise to aware of the worst case scenario. Just making a rough plot of the Covid rows in the basic reproduction article, and a rough stab on when they emerged, the wild-type, Alpha, Delta trend looks like this.

From Tomas Pueyo's excellent thread, it looks like as Covid gets more transmissible it's likely to get more deadly.
In 20 months Covid has went from an R0 (again, high estimate) of 3.4 to 8. I'm not an epidemiologist, but that seems like a really big jump in context. To be fair, again, I'm using the high estimates, but the general trend is concerning and I would sleep better knowing if there was some biological reason it would plateau.
A scary, but I'm not sure how likely, scenario would be if another 20 months out (March 2023 or so), assuming there's large enough sections of the world where Covid is still spreading (either because vaccines haven't gotten there, or new vaccines are required for breakthroughs, or vaccines/infection immunity declines too quickly, etc), is there any reason to think it wouldn't jump another ~4.6 to ~12 or higher? Could it go above 18?
I'm just surprised I'm not seeing more discussion about this. Maybe I've missed it?
I think you're correct that the difference between R0 and Rt is that Rt takes into account the proportion of the population already immune.
However, R0 is still dependent on its environment. A completely naive (uninfected) population of hermits living in caves hundreds of miles distant from one another has an R0 of 0 for nearly anything. A completely naive population of immunocompromised packed-warehouse rave attendees would probably have an R0 of 100+ for measles.
I don't know if there is another Rte type variable that tries to define the infectiveness of a disease given both the prevalence of immunity and the environment. Seems like most folks just kinda assume that environment other than immune proportion is constant when comparing R0/Rt figures.