Can anyone tell me why all coins have almost the same price trends even though they have very different algos.
BTC is the initiator it seems. When it rise, every other crypto coin rises. Very predictable.
So if BTC becomes $500k as predicted by some, can I say EOS or Eth and all other coin will increase in value exponentially too?
Or am I are lead to believe the fluctuation is independent. The price graph trends says otherwise.
Go to sites like Coingecko and see the graph trends in one page. Looks more or less similar.
That is correct. Bitcoin is the gold standard of which all of the other coins are traded. When money is pulled out of the market in fear, it leaves less money to be traded into alt coins. Hence why the price drops when Bitcoin price drops and the price increases when Bitcoins price increases. It's all based around the market cap.