Till date Bitcoin has established itself as the market leader of cryptocurrency. It is king of the market. The price movement is led by bitcoin only. In case the price of btc rises the other crypto start upward movement and in case of fall they also start downward movement.
The same is the movement in stocks trading markets. Few stocks have been established as market leaders ; under the leadership of which markets moves. And surprisingly these markets are working since many long years but 95% of shares there are just followers. Small percentage of shares only is the leader.
There may be two types of fluctuations. One is dependent on the internal reasons e.g. the business of some industry goes down and it's profits ratio falls or it goes into loss, then the prices of this particular industry / institution may fall. So this fluctuation will not be called as market leaders' led fluctuation.
In second case when there are movements in prices due to market sentiments. These are most affected when the prices of market leaders fluctuates. The effect of these movements certainly has to be born by the other less popular stocks.
So I think in future there may be some coins which also gain reputation and succeed in getting position of market leader in addition to bitcoin, and crypto market is also led by a number of crypto leaders, but I do not see so much maturity where each and every crypto is behaving in it's own style and is not affected by the movements of market leader/s.
Topic: When will the crypto-currency market become mature? - page 3. (Read 514 times)
I read the statement of Professor Cornell Emin Gen Cyr, who said that the mature market should have assets that work independently of each other.
"Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
"Indeed, a mature market should be decentralized, and independent prices for coins are untied, each of which is consistent with the future prospects of a particular coin," Sier said.
So far, virtually all the coins are repeating the price movements of bitcoin. So, when do we have a crypto currency market mature enough that coins and tokens develop on their own and do not depend on the price of bitcoin and what is needed for this?
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