Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...
Actually pretty good question but a never ending one as there is no fixed link even between the oldest of the alt coins and Bitcoin, its all in the minds and I guess usage of the participants spread over crypto.
So last year we had the BTC blockchain split happening and people wanted to hold BTC for that duration and also there was a large influence on alt coins prices rising quite alot as alternatives to BTC.
This year I see the main feature as being that BTC has fixed the order in its own house and reduced transaction fees dramatically. If alt coins have one person its to easily and cheaply pass value which BTC is already doing quite well hence maybe leading to the lower prices. Genuine innovation and use is required to justify pricing long term