Yes altcoins depend at teh bitcoin price at the moment very massive. If the bitcoin is getting stronger, i am pretty sure most altcoins that have an working product are rising as well
Fully agreed, this what happend if the ICO is being develop and supported with ethereum wallet address or ERC20 which it varies its value in bitcoin and ethereum price movement causing there value will rising and falling in every situation happend in the world digital market.
The fact that the developing progress in major industry still relied with both btc and ETH this fact still remains, alts will be able to move away after
adoptions and major acceptance to its target venue already been established, but as long as the alts till engaged with btc and eth the market will
still move according to what direction this two well known crypto will go.
ETH and BTC was the greatest exchange at market that almost all coin are compatible to exchange to the token into btc/eth. This both coins was fully powerful that anyone can affect when the price getting low because when you see that a one coin does still rise but when the bitcoin and ethereum was low, the price was stabled at the dip price.