Topic: Altcoins That Do Not Depend on BTC Price? - page 2. (Read 219 times)
When BTC goes down before it is considered as a price manipulation by those whales because they tend to switch from Bitcoin to altcoin before. But it i don't notice it lately since the last ATH of Bitcoin. It seems that they were tired of switching from both sides that's why these whales choose what is best for them.
All crypto assets depend on btc price . I think that the only exception is stablecoins (usdt, usdc and so on) and those altcoins which are extremely low in popularity (and have very low trading volumes), because such coins do not react to market movements, they just lie on the bottom and wait for their buyer.
So the stables coins are
tether
true usd
and anything else?
tether
true usd
and anything else?
Of course there are more depending on the exchange. For example: USDC PAX DAI GUSD EURS and more
So the stables coins are
tether
true usd
and anything else?
tether
true usd
and anything else?
There's also Gemini Dollar, Dai, USD Coin and PAX.
All cryptocurrencies will get affected by price and news related to Bitcoin and that is because Bitcoin is the backbone of the Crypto world and it is just a logical thing that anything related to it will affect the whole Crypto space in one way or another, but during the sideways market most altcoins tends to act on its own as long as there is no big effect coming from Bitcoin whether it was in price or big news.
So the stables coins are
tether
true usd
and anything else?
tether
true usd
and anything else?
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?
IMHO there are no altcoins that don't have any price correlation with top 2 cryptocurrencies except stable coins. Maybe in future there will be cryptos that can set its own price with special liquidity providers but this invention will not likely happen in near future. Every tick on BTC price chart means millions for crypto marketcap 
As far as I know there is no coin that doesn't get affected by the price of BTC. The best you can get is coin that doesn't gey drastically affected by BTC fluctuations in price. BTC is first cryptocurrency and as such all altcoins are related directly with BTC. Even BTC is always paired directly with almost all altcoins on exchanges or slightly indirectly with another coin that serves as a middleman.
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?
Everything depends on Bitcoin no exception, that was why those coins were named as an alternative cryptocurrency. It is an alternative for us to use it and the main cryptocurrency is Bitcoin itself. No matter what project it is, everything depends on Bitcoin. If Bitcoin gets banned in some place, another cryptocurrency will be affected too. On the other hand, if something gets banned in some place, Bitcoin might be not.
You may find this site with bitcoin/altcoin price correlations helpful - https://coinpredictor.io/altcoins
The least correlated altcoins are usually stable coins or fresh ICOs with insufficient data history. However, even some old coins can be found among the least correlated pairs such as FlorinCoin.
The least correlated altcoins are usually stable coins or fresh ICOs with insufficient data history. However, even some old coins can be found among the least correlated pairs such as FlorinCoin.
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?
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