You wrote a good article with some valid points, however, I think Bitcoin will be the top cryptocurrency for a long time to come. Bitcoin is used to purchase and sell all other cryptocurrency. As far as I know, every transaction is converted to or from Bitcoin as far as I know.
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That's true, today it's like this. But it will be like this until people won't try a better solution. Once you try something better you won't come back.
Yeah exchanges need to get away from that, the entire market ends up being affected by useless Bitcoin drama because it's so poorly managed. The BTC ratios all stay the same, but Bitcoin drops in price, so EVERYTHING drops in price. It's foolish, but it's the only way people in large groups can act.