Well it doesn't make sense if we see it as one 'board' but try to look at it as TIPS/BTC pair as one 'board' then TIPS/DOGE pair another etc.
It's about how much are people willing to pay for it and some pay higher price in BTC because they don't know there is cheaper option but it doesn't mean that demand skyrocketed. For me real value is one in DOGE or LTC or MOON but coinmarketcap takes BTC in calculation also and it doesn't mean that average price which they show is real price across all exchange pairs or 'boards'.
Agree. Since coinmarketcap use term "USD" to calculate volume than there will be some distortion in price.
The real value only in active pair. The most active pair is DOGE, second is LTC, the price will cross other pair like moon and eth.
Nice to see bter pair have similar value, and hope they could move the chain to the same as ours