Not really, if seen on a reasonable time frame, say: ~1 year.

Of the top 5 alts, some are dropping (Ripple), some are flat compared to a year ago (Litecoin), and some are rising (Ethereum). Over the same yearly horizon, Bitcoin is doing pretty good compared to a weighted alt basket (eyeballing it here, don't care to calculate it).

Now, Ethereum is clearly going through a major pump right now. Not just by price, but also judging by how I've received several spam messages in the last week, suggesting to "get in while I can". Which probably only means, the pump is likely to come to an end soon.

For someone who's into short time frame / high risk trading it might make sense to trade that Ethereum pump. But for an investor (or even: swing trader) I doubt the current price to be a good entry point for a long(er) term position.

Ripple on the other hand has been correcting recently, but based on the previous swing up, it looks like it has some upward potential after the correction is over. So if at all, I'd actually rather go long on Ripple than on Ethereum right now, but not really, because: fuck Ripple and their fully de-decentralized model.