Critically observing the rate at which bitcoin value is low at this time, I now imagined how low other altcoin will be by now,even with bitcoins superiority. What is your view?
It all depends on Bitcoin. Its capitalization rules the market, and as we see its fall, although critical for other coins, it did not kill the market.
Bitcoin is not alone the strong building foundation of crypto market. There are some altcoins that working so hard to be competitive enough for being a contender. See enj, its not about hype but the news we heard about partnership with Samsung building a support to them. Btc dumping but not them? So where is the part that everything depend on bitcoin?
This is where most people actually get this wrong; they are looking at it in the aspect of exchange forgetting the fact that each of the coins has their own different project and way the project work.
I understand they both need one another because most coins requires deposit of BTC or ETH before it can be converted to their own coin and this is the same way BTC needs those coins too because without their existence too, there wont be any request for BTC deposit which has even in turn help BTC growth better.