Bitcoin is the cryptocurrency. That's what people believe. A token worth investment that can rise 10 folds in a matter of months.
And if you are tired of bitcoin or think that you've missed the train, there are other less known options called altcoins.
A 41% market dominance of bitcoin with 1000s of coins in market explains it simple.
Topic: How does Bitcoin affect to the other cryptocurrencies? - page 5. (Read 377 times)
Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?
I think because it is the dominant cryptocurrency as of now. The other cryptocurrencies are directly proportional to the bitcoin when it comes to the value per each token. So if the bitcoin price rise high the other cryptocurrency as well and vice versa.
Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?
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