Although some altcoins are mooning yet not all . I still have some altcoins I have been waiting for the price to moon back to the price I bought rather I noticed that while some other altcoins are mooning my asset is dumping hard. imagine the way Eth is pumping , 390$ right now yet xxa i bought is still at low price and I cant sell at a loss.
But as far I can say, ETH is more of the king of altcoins just as bitcoin is for cryptocurrency when people say. In essense we can't compare the volume of etheruem to other altcoin, so when etheruem bull, we wait and expect a bull too from altcoins.
why Ethereum can become the king of altcoin ?, I think there is no connection between the increase in Ethereum and other altcoins, it all depends on Bitcoin, if the price of Bitcoin goes up, then altcoin will go down, and if Bitcoin goes down then altcoin will also down, Bitcoin need for sideways and altcoin pump