Most of the speculators before and even now are saying that if Bitcoin goes up, then altcoins goes up as well and good projects perform well. How true are these speculations if there are different technologies or plans for each cryptocurrency? And the fact that bitcoin is not even the first cryptocurrency.
Have you heard of Bitcoin dominance?
This is because of the Bitcoin dominance, the price of Bitcoin affects the prices of other coins. However, the places where this impact is least observed are usually new projects.