The price of the entire cryptocurrency market is still dependent on Bitcoin. This is an indisputable fact. But also, the price is affected by the market demand, interest in this cryptocurrency. So we can not say that the price depends only on these two major players.
I believe that in General, the price depends. After all, everything is based on the fact that those who hold bitcoin, hold other tokens. And so it is not strange that there is some synchronization between these tokens and the rest of the market.
Crypto-currency in the majority as information technology has a speculative character. And what's wrong with that? Everyone thinks about winning!