There is something I'm thinking though I don't know if it's right or wrong, that Bitcoin is the prime currency here, not necessarily because of its price but because of its blockchain project and being the first in the system so I'm thinking even if other cryptocurrencies price ever get higher than Bitcoin, will Bitcoin still be seen as the prime cryptocurrency? Or is the whole thing around the Bitcoin centered around its current price in the market?
There are many things that are interconnected
- It is the first cryptocurrency and has a large, loyal user base
- It has huge amounts of hashing power backing it, making it the most secure cryptocurrency
- because of the above 2, it has the highest market cap among cryptos.
It would be difficult to separate the factors.