What correlation is there between altcoin index price and the economy? You could also call it the relationship between a very good altcoin mutual fund's price and the economy. I see Digibyte was up in 150's in March 2016 which it didn't reach since it's launch. I imagine most other good older coins were up high then too. What was going on in the economy at large?
Altcoin capitalisation is totally in correlation with Bitcoin. When Bitcoin was almost $1200 was altoin capitalisation highest. So if you want to search correlation with old economy. then you should first research it towards Bitcoin.
I heard that when Bitcoin goes up, it takes money out of altcoins. So, are you saying that the reverse will happen in altcoins when you see those factors happening?
If now BTC price suddenly go to $80, you will not see that BTC market capitalisation goes into altcoins market capitalisation, but into fiat. Most altcoins market capitalisation will decrease 5-10 times same as Bitcoin did.
