Absolutely. I actually wrote an article about how coins with low nominal value, ie ripple, cardano, etc, experienced the largest % returns the past week. Now since Litecoin is inching towards $300, it hasn't been able to experience the same network effect from the people looking to getting in on low (nominally) priced coins, but I totally get what you mean.
Hey, that's exactly how problems are identified and eventually solved. By kicking the can and having some conversation, haha. You know what's interesting is that since everything is on the blockchain, you could theoretically track down how capital from new ETH, BTC, LTC addresses (likely from fiat gateways) disseminate/flows into other coins, whether pumps n dumps in certain coins basically act as a lever for buying more secure coins like ETH or BTC. That would be quite the read!
RE: The "Coinbase Effect"