Yes you are right bitcoin is the King of all cryptocurrency bitcoin can be a benchmark price of various other coin. for bitcoin transactions currently that could be transparent could make an example of all of the coin. essentially all of the coin will be subject to the bitcoin.
That's reality, its the main basis until now for those alternative coins all over the world and innovations still on progress, bitcoin is the king and it will
stay as it is, the only thing can replace that is if there's another coins that will revolutionized and provide much better service and solution to those
lapses that we are still seeing from bitcoin, like fast network and transaction fees, especially sereneness and availability all over the globe.