not necessarily.

let's say my net worth is $100,000 and keep 5% in cryptocurrency ($5,000)

within that 5%, i have to decide whether i want to be holding 90% in btc ($4,500-worth) vs. 10% in xmr ($500-worth) or 50/50 or some other allocation.

if i think that xmr is severely overvalued against btc, then i will do 100% in btc ($5,000 in btc). if i think that xmr is undervalued, i may go 100% xmr ($5,000 in XMR).

let's say that another 30% of my net worth is in precious metals. if i think that silver is severely undervalued compared to gold, maybe i will put the whole $30,000 into silver. when silver rises against gold, i will sell some silver and buy gold.

in this example, cryptocurrency is still only 5% of my net worth, but i am still thinking about XMR in terms of BTC. even though precious metals are only 30% of my net worth, i am thinking of silver in terms of gold. it doesn't imply that >50% of my net worth is in cryptocurrency. nor does it imply that >50% of my net worth is in precious metals.

i understand why some people think of xmr in terms of dollars. you should try to understand why others think of it in terms of btc.