Topic: Altcoins That Do Not Depend on BTC Price? (Read 231 times)
What about binance? Seems to only increase and when btc has went down?
I am yet to see such altcoin with no correlation with Bitcoin . I think bitcoin still remains the benchmark and every other coin seems to be taking moment from it .
That is a good point,bitcoin takes the lead and others follow,as the father of all cryptocurrency, btc benchmark determines all other altcoin prizes.
Not to mention the stablecoins, at the moment, no coin could survive without the BTC, unfortunately this is a reality that constrains, but on the other hand points out the lack of applications or even adoption of other coins! Even the most liquid ones like ETH, LTC, DASH, XRP, DOGE and XMR, these coins depend heavily on the price movements of the BTC! Maybe XRP and DOGE are walking towards freedom! Why? Because they were the only ones that grew in the last months even with the BTC falling.
It looks like a lot of Altcoin are dependent on the price of Bitcoin, like doge coins, we can see in the crypto market, doge prices tend to be stable if the price of bitcoin rises or falls, even though the price of bitcoin rises or falls very drastically, doge coins remain.
The altcoin price highly correlates to the market leader as it is a relatively small market. Only stable coins like Tether, Dai, etc.
does not correlate as they are not fluctuating like other coins.
does not correlate as they are not fluctuating like other coins.
Are there any altcoins that does not depend on btc price? As most of you know, btc price goes up, altcoin price goes up. When btc prices goes down, altcoin price follows. But are there any altcoins that does not care what btc price does? If so, what are these coins?
Yes there are altcoins that don't depend to bitcoin's price, have you heard about the stable coins? they have stable price at $0.99 - $1.01. Those are the prices that it fluctuates within the time but they remain stable at $1.These stable coins are the ones that most traders use now to avoid for the meanwhile the risk of getting low in value of their portfolio. It's a time saver for most of us but I'm not a fan of using it, I'm good as holding my valuable coins.
There is one and will always be one.
Tether. It is the same as the value of USD so it wont move anywhere.
Sick isnt it? Because of that Tether the market had changed drastically. Before it was altcoin up bitcoin down and vice versa. But it is just history by now.
Thanks to Tether.
Tether. It is the same as the value of USD so it wont move anywhere.
Sick isnt it? Because of that Tether the market had changed drastically. Before it was altcoin up bitcoin down and vice versa. But it is just history by now.
Thanks to Tether.
I'm new in crypto and I may be wrong, but from what I've noticed in past days the coin that is affected the least by Bitcoin may be BNB.
I think that today there are no such coins, the entire cryptocurrency market depends on bitcoin and it has always been so, and I think that it will always be so, since bitcoin is a kind of dollar, to which all the others are equal, it is possible that the Ethereum coin in the future will stand firmly on its feet, but bitcoin will still affect the price
Most of the altcoins are depends on the bitcoin. Because if we see the market once the bitcoin move down or move up the sltcoind too are have movements same as what happen to the bitcoin. They have happen that other coin are opposite of what happen to the bitcoin it's not 100 percent that altcoins follow the movement of the bitcoin they have effect also maybe it's helpful or not.
Are there any altcoins that does not depend on btc price? As most of you know, btc price goes up, altcoin price goes up. When btc prices goes down, altcoin price follows. But are there any altcoins that does not care what btc price does? If so, what are these coins?
when I was there, try searching for an ACDC coin (Volt) in a coinmarketcap, even though the coin has a pair with Bitcoin, it doesn't change the price on a large scale because they are more to the USDT pair.
Are there any altcoins that does not depend on btc price? As most of you know, btc price goes up, altcoin price goes up. When btc prices goes down, altcoin price follows. But are there any altcoins that does not care what btc price does? If so, what are these coins?
Only stable coin that can be independent and that doesn't get any impact from the bitcoin. It's almost impossible to find a usual altcoin that can be an independent coin. But you can see binance coin it may fit with your spesification but i can't guarantee if that can 100% imune from the bitcoin's impact.
I still don't understand the concept behind altcoins following the trend of bitcoin. Must altcoins prices change in same direction with Bitcoin. Anyway, there are still altcoins that do wonders even when bitcoin is at worst state.
There are mirrored coins in which smart investors go if the price of Bitcoin starts to fall. the price of such coins increases when the price of bitcoin falls
Aitcoins do not depend on BTC price really, it's just that most Altcoins are traded against BTC and if BTC price is increasing, it is only logical that altcoin price would be increasing as well because they are traded against each other, so this is why it would be hard to get an altcoin that doesn't follow the BTC trend.
yep, check out ampleforth. it's a elastic supply policy that holds the price still
All altcoins depend on BTC price since satoshi value is the very first measure of cryptocurrencies. Occasionally, some altcoins will experience an uptrend irrespective of whether btc is on the downside or stable. But this happens when there is a big news for such altcoin, hence many crypto enthusiasts FOMO in.
The only Altcoins that I know that do not depend on BTC price or any akts for that matter are stable coins like USDT, their price is always constant and never changes no matter the amount of flunctuation in the market.
I am yet to see such altcoin with no correlation with Bitcoin . I think bitcoin still remains the benchmark and every other coin seems to be taking moment from it .
Mostly such projects do not depend on btc movement that are mostly based on trading and keep generating profits regardless of market condition they keep growing and we have seen example in form of projects like arbitrage dot com. Among upcoming projects im very bullish about foxtrading im sure if they are able.to generate consistent profits then their tokeb foxt will reach $5 to $10 in a years time.
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