Top 5 Coins and it's similarity - page 2.

WalkerIVIV

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Quote from: Sophia Portera on April 16, 2018, 03:52:58 AM

As it shown on the charts top 5 coins are showing prices moving up simultanously:

What causing this? Not only top 5 but it happend to a lot of coins:

It caused by the trend. Remember if bitcoin price was increase and the majority of altcoins will be following the bitcoin chart to get increase too. the market still pegged to the bitcoin price.
The price of bitcoin pair looks stable but the dollar value will be following bitcoin anytime.

bozo333

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Quote from: Sophia Portera on April 16, 2018, 03:52:58 AM

As it shown on the charts top 5 coins are showing prices moving up simultanously:

What causing this? Not only top 5 but it happend to a lot of coins:

It depends on consumer because one investor is investing in 20 coin then they feel this is not suit for our career. Automatically sell the all 20 coins so it is affected in all 20 coins this is reflected in chart. Know you can understand the similarities of price fluctuation so everything is controlled by consumer.

disconnectme

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I think they are all following the price movement of BTC, for now the whole market is what is recovering not a single coin and I think if this growth is sustain and continue for more weeks we will start to see price differentiation among the top cap coins in the space. For now all i care about is the whole market moving up to new highs

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legendary

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there are basically two markets - bitcoin and alts.

there is a little bit of variance in how individual coins perform, but most of the money in alts doesn't care what the coin is or what it does. they skip between them which means they largely all move and act the same.

for most people they are three letters on an exchange that gets them more dollars or bitcoins.

EHT7500

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I do not see anything strange. Today, the news background is good - the market is growing. All the coins are reaching for the leader. The name of the leader and call it is not necessary. It will be strange (especially for the top 5), if someone goes against the general trend.

Sophia Portera

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As it shown on the charts top 5 coins are showing prices moving up simultanously:

What causing this? Not only top 5 but it happend to a lot of coins:

Topic: Top 5 Coins and it's similarity - page 2. (Read 298 times)