As most have seen when bitcoin drops most alts drop too.
Most alts are measured in value against bitcoin value not fiat.
Will bitcoin always be the king on the cryptos?
If not how would alts become valued without bitcoin price.
hopefully that makes sense.
Bitcoin is the king because it is the pioneer in crypto market. Blockchain technology came in to existance with bitcoin and majority of the people entered in to crypto market with bitcoin only. That is the reason why it is currently the king and number one currency in the market, even though we have a lot of technically superior currencies in the market.
However, I strongly believe that bitcoin can certainly be dethroned by an worthy competitor in future. Once all the bitcoins are mined, some other crypto currency will come to a number one position. Also the bitcoin network is currently facing a massive scaling issue which needs to be resolved. If the things move as it is now, bitcoin may well loose its popularity and fall from the current position. So anything can happen. Alts can be valued in USD as well, bitcoin is not required here.