Topic: Does Altcoin price depend on BTC or ETH?? - page 26. (Read 139684 times)
Bitcoin is the leader of crypto currencies. So the new coins have to follow it. Eth is the second best coins and that's why it has some impacts on new coins.
BTC is the leader of market and ETH is the second position holder. So the following new coins are following them and it is quite natural.
Altcoins are mostly traded against Bitcoin. So their price is expressed in terms of Bitcoin in the bid and ask orders.
the price of altcoins depends on the prospects of their projects. but bitcoin has a great influence in the market and therefore the price of altcoins follows the price of bitcoin.
Yes they are. We can tell it by looking at the graphs of their prices. Most of them are pretty similar to the graphs of BTC and ETH. In other words, there are correlations between alts and BTC/ETH.
In fact, the price of altcoins, just as Ethereum depend on bitcoin. Bitcoin and today remains the leading cryptocurrency, followed by all the others. So when you are waiting for the growth of some altcoin, look what is happening with the bitcoin exchange rate.
Of course, Most of altcoin also depend on BTC and ETH.
They are affected all altcoin and market. Need the recuperation.
They are affected all altcoin and market. Need the recuperation.
It can be said, this is because the trading of Altcoins almost certainly uses bitcoin and ethereum, moreover the ethereum influence is very strong because it has been used for trading with various tokens that use the ethereum platform.
Well I can agree with the statement for some extent !! Yeas most of altcoins prices get affected by the prices of BTC and ETH. However if the project is promising and solid altcoin has the ability to hold it value and gain more what ever the market condition is !!
The price of the altcoin depends on the predators behind it. As we all know, the market of the altcoin are relatively small, so it is easier to manipulate.
yes, altcoins price are highly correlated to BTC price
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.
its the normal cycle of trading. The supply and demand principle. These 2 coins are the oldest and the first so i considered them main coins. Alt coins depend on these two coins simply because they have the highest demand level and they are being bought to trade for US dollars or in short, were being utilized for investments and other means of trading. If some alt coins have somehow increase its demands and bitcoins are use to buy them, then alt coins value would surely increase as a result.
I think yes. Altcoin prices are still influenced by bitcoin and ethereum because these two coins are the best crypto with the largest trading volume.
Look at the graphs of the cryptocurrencies. You will see that when Bitcoin is climbing the hill, the tokens are always trotting after it. When BTC decides to fall down, altcoins become cheaper. Bitcoin dictates the market rules.
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.
I think these two coins are role models, both BTC and ETH they are the current crypto market leaders, so each coin will follow their price movements. Altcoin strongly believes that their pricing strategy has been able to be accepted by investors, and this is a belief that should be maintained very well.
It surely depends on the price of Bitcoin because lot of altcoins are traded with the pair of Bitcoin and when the price of Bitcoin rises or falls it affects the altcoin to with which Bitcoin is being traded.
Of course, Most of altcoin also depend on BTC and ETH.
They are affected all altcoin and market. Need the recuperation.
They are affected all altcoin and market. Need the recuperation.
Yes. Haven't you noticed that? Quite often you can see how the entire crypto market reacts to the movement of Bitcoin in one direction or another.
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off it depends on eta and especially btc, now we can see the results of it
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.
The answer is yes. Altcoin prices depend a lot on Bitcoin and ETH. The prices of the alts are usually fixed in terms of BTC or ETH, and then converted to dollar. What is your opinion please share.
yes, you have right, altcoins price are highly determined by BTC and Ethereum.
Most of the time this is the case. They fluctuate with the changes in the encryption market. In the long run, it depends on the progress of the project team itself.
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