https://cointelegraph.com/news/why-did-crypto-market-experience-a-27-billion-wipeout-experts-discuss-factorsEvery situation has a bright side, you just have to look at the bigger picture!
According to Crypto Rand, a currency trader and technical analyst,
"We will have to wait some more months until BTC settle down its path through a potential reversal, but the alternative cryptocurrency market could take its own direction getting rid of the BTC influence. The big caps altcoin response has been amazing so far."
Further on, the article goes on to say,
"Institutional investors are focusing on products that provide investor protection and strengthen the infrastructure of the crypto market."
Such volatility doesn't mean anything. The true value of cryptocurrency lies in a strong foundation (which requires user-friendly decentralized marketplaces where we can use cryptocurrency, and added security in the form of escrow systems) which will be made possible with the upcoming ICO's.
They're not all scams!
Yes there few of altcoins are going to survive without the needs of BTC to going up but a few of these only which have a usuable platform and unique from others functions so an ICO should have a unique function in order to survive alone without depending other cryptocurrency .