The simplest answer to the question of Bitcoin’s standing is, that “Bitcoin is king and queen, and the other coins are at best following it.”

It is hard to come up with a fundamental algorithm with which to price coins, so coin prices just follow Bitcoin as a sort of gold standard, “the Bitcoin Standard.”

It is the number one coin, and thus it is the coin that decides the market price in general.

Unfortunately, though, that answer suggests that all other coins are somewhat pointless as anything other than short-term investments (compared to Bitcoin).Except few coins though. Still BTC holding around 40% market cap. So, it is easy to assume that, before going against BTC- ALT coins have to overcome long ways. BTC market trading volume is also top alone can turn the market.