Topic: Does Altcoin price depend on BTC or ETH?? - page 14. (Read 139704 times)
both of these coins will give a big impact on another crypto. What happened to ethereum and bitcoin can be used as an initial reference point will be to determine whether it is in selling and buying. It is natural I think because both are great especially crypto bitcoin himself dominated the market so that it will have a big effect on any movement.
Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
What is your opinion please share.
All altcoins depends on the price of Bitcoin, as Bitcoin is the representation of all of them.
Even Ethereum depends on Bitcoin's value.
About Ethereum's tokens, all of them depends on Ethereum, while Ethereum depends on Bitcoin, so all of them also depends on Bitcoin.
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To some extent, Yes, because if the price of Bitcoin or Ethereum increases, then the price and altcoin also increase accordingly, even if the price ratio with Bitcoin or Ethereum remains the same.
i think this is temporary we will see a more logical movement in the price soon when all project complete their development phase no more nonsense correlation in the near future i think!
It is normal for people to panic sell altcoins if bitcoin price is going up quickly. Likewise if bitcoin price is declining rapidly, people will buy altcoins to hedge against the bitcoin price drop.
Both bitcoin and ethereum are like standards for other altcoins. Although, there are still quite some number of altcoins that are paired with others as their base pairs.
The coin that determines or that other altcoins are dependent on most is bitcoin. If you check the dominance level of bitcoin in percentage, it is a little above 50%. Which shows that it is the most determinant factor, followed by ethereum.
The coin that determines or that other altcoins are dependent on most is bitcoin. If you check the dominance level of bitcoin in percentage, it is a little above 50%. Which shows that it is the most determinant factor, followed by ethereum.
Of course that altcoins are dependent on Bitcoin. Because people see cryptocurrencies as a whole, if Bitcoin falls all altcoins fall because there is panic and people stop believing in a good future.
actually not all of these altcoins depend on the price of bitcoin, what I know is that there are several other factors that can affect the increase in altcoin prices, as well as positive news about crypto because of that one of them, hopefully my views are not wrong in evaluating this.
In my opinion Bitcoin actually affects the altcoin price, if Ethereum is an altcoin, so it's just a bitcoin that affects the altcoin price, Ethereum has an influence on altcoins that are under the ETH platform.
not all Altcoin but the majority of altcoins still depend on Bitcoin and Ethereum. especially Bitcoin, the price of bitcoin is very influential on the situation of the crypto market.
Somehow yes it depends on the price of BTC and ETH. Generally when bitcoin and ethereum's price drops, majority of altcoins also drops. Maybe because most alcoins are being bought using bitcoin or ethereum so when their prices drops, the value of altcoins also decreases. But not all. There are some altcoins that gain momentum whenever there are a decrease in bitcoin or ethereum's value.
Yes I agree with you Bitcoin is a benchmark for altcoin. If the bitcoin price drops then the altcoin price will follow it and vice versa. And for ethereum I'm not sure he can be a benchmark for other tokens.
It is unrealistic to expect altcoins to be fully independent in the coming year. But if I see at least moderate amount of decoupling, I'd be calling that the bull is near.
This market is relatively small and BTC is dominating it and all the altocins are highly dependent on it`s price movements. Alcoins are just following the market leader. In the future this will change when the market becomes bigger, there will be more independent coins.
The price of all cryptocurrencies depends on the price of Bitcoin. Ethereum also depends on the price of bitcoin. Now, when the price of Bitcoin drops sharply, we can see how the synchronous fall in the price and the rest of cryptocurrencies. As long as Bitcoin exceeds the remaining cryptocurrencies in terms of capitalization, it will exercise price dominance over other types of cryptocurrencies. I think that such a dominance of Bitcoin, with the development of other cryptocurrencies, will decrease with time.
All coins in crypto have the same guidelines, namely Bitcoin. Indeed, not entirely the growth in the price of coins depends on bitcoin, but bitcoin has a major influence on the development of their prices. The rest is in the ability of every coin to develop and market their technology to get supplies from many investors.
Yes it is completely dependent on the price value of btc or eth. Because they refer their prices to those coins. So when those coins pumps or dumps, the price of the token also be potentially pumps or even dumps.
Just HODL
Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
What is your opinion please share.
Well, in fact, everything is simple. Bitcoin domeniruet. Bitcoin drops reacts the entire market. Of course it's all interconnected. Investor confidence so to speak. But now the price is not very good. And the whole market is rolling in the vase.
Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.
What is your opinion please share.
Well, in fact, everything is simple. Bitcoin domeniruet. Bitcoin drops reacts the entire market. Of course it's all interconnected. Investor confidence so to speak. But now the price is not very good. And the whole market is rolling in the vase.
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