So I have been thinking about this and I want to know the opinion of people too. Do the price of tokens who pegged to ethereum grow or dump with ethereum? Will these tokens rise back to their ICO tags when bullish trends return?
It's not pegged with the price of ethereum, whole of altcoins are pegged with the bitcoin. The price of tokens are also following the price of bitcoin. Even most of them pegged to the ethereum platform doesn't mean if that can give a lot of domination to the price too.
This is not exactly the case. The ETH-based also has a set price based on BTC. In fact, if you examine a coin or token in each market in the market you can see different pricing.