Does Altcoin price depend on BTC or ETH??

[Deagle21]

I have only one explanation for this phenomenon: yes, the prices of other altcoins depend on the cost of bitcoin and the Ethereum, because bitcoin acts as a so-called direction, a beacon for other crypto-currencies, and altcoins rely on this direction.

[TooDumbForBitcoin]

Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

Bitcoin and Ethereum are some kinds of a market benchmarks. Almost all coins/tokens highly correlate with them. Look on this one research also https://hackernoon.com/how-many-cryptocurrencies-are-simply-following-the-market-8b48b2cefc63

[kkont96]

Naturally, the price of altcoins depends on bitkoin and etherium. You can see for yourself, it's clearly visible. If bitkoIn goes down, then he drags down almost all the cryptornics behind him. If it goes up, then similarly, pulls after itself almost all the cryptornics. But in special cases, depending on the characteristics of the coin, it may not react to the rest of the market.

[karma_project]

The price of alternative coins depends on the price of bitcoin. If bitcoin goes up, then alternative coins also go up. But if bitcoin falls, then the alternative coins fall into hell.

[adamreb]

Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

I also hold the opinion that the BTC acts as an indicator for the overall movement of tariffs and rates of various altcoins. But still there are certain exceptions, it must also be taken into account.

[Razick]

The prices actually depend on the price of bitcoin. Some people would like to argue that the price of altcoins depends on the price of ethereum, not going to dispute that because there are a lot of trading pairs between altcoins and ethereum. But then again the price of ethereum depends on the price of bitcoin so indirectly, the prices of the altcoins still depend on the price of bitcoin regardless.

[Beyerd17]

The prices actually depend on the price of bitcoin. Some people would like to argue that the price of altcoins depends on the price of ethereum, not going to dispute that because there are a lot of trading pairs between altcoins and ethereum. But then again the price of ethereum depends on the price of bitcoin so indirectly, the prices of the altcoins still depend on the price of bitcoin regardless.

That is correct, the price of Bitcoin is the root of altcoins value, either one likes it or not. If Bitcoin were to become worthless one day, altcoins would be dragged down with it.

[mmmn639]

The price of most altcoins depends on bitcoin, but this year I found a new currency whose price trend does not change with bitcoin. It is the platform currency of major exchanges. The price of bitcoin is falling. It is still rising.

[Olatunjex]

Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

If you have been watching market for sometime, you will come to understand that altcoins price depend on bitcoin, including ethereum price. Their price fall when bitcoin drop i think it is obvious they all depend on the price of cryptoking which is bitcoin.

[ryanfromrethink]

In any case, the total prices and dynamics in the altcoins market depend on the current value of BTC and Ethereum, although it is often possible to observe certain exceptions, this must be taken into account by investors.

[smoker36]

Today, all altcoins use BTC as a gateway to exchange for fiat. So now the situation is logical that their cost and dynamics depend on the trends and the state of BTC and ETH, this need not be feared.

[Zveresk]

Altcoin price depends from BTC price. ETH price also depends from BTC price.
The formula is simple:
Bitcoin falls - altcoins fall
Bitcoin pumps - altcoins fall
Bitcoin stable - altcoins grow

[gabchuks]

Mostly yes all alternative coins depends on eth or bit coin to rise. But I have seen alternative coins that rises in price irrespective of the price of bitcoin or ethereum. I think the activities on a particular altcoin matters here as well

[mbah]

that's because the bitcoin ethereum and judged the most stable than others and also has great potential. This is the reason almost always depends on both the value of this because of course also like to take the profit out of it.

[Zack Lee]

Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

the bitcoin price depends on Bitcoin because now the altcoin price of the former is already dependent on bitcoin and if the bitcoin price falls like this altcoin price also follows its movement hence the bitcoin price is not dependent on ETH and depends only on Bitcoin because Bitcoin and Altcoin depart prices on Ethereum

[Om George Kesurupan]

in my opinion, the price of all coins including Ethereum depends on Bitcoin, Bitcoin is the king of all coins so it all depends on Bitcoin, if Bitcoin goes down then another coin also goes down or vice versa.

[jemarleon]

They are not actually dependent but they are just affected because everytime the market will fall of course there will be lower trust for example BTC fall then there will be a lower rate of trust in the cryptoworld so investors will have a doubt to join or invest on other coins.

[bornMercurial]

according to this, the Altcoin price depends only on a certain level on Bitcoin and Ethereum. When bitcoin or Ethereum falls,
the dollar value of the altcoin also falls too and vice versa. So it all depends on the Bitcoin coin.

[Altcoins enthusiast]

All the altcoins are depending on bitcoin and that is why when bitcoin is pumping most of them will be pumping and when it is falling altcoins will also be falling.  We expect that bitcoin will go up including ethereum and we expect altcoins to also recover.

[J Gambler]

They are not actually dependent but they are just affected because everytime the market will fall of course there will be lower trust for example BTC fall then there will be a lower rate of trust in the cryptoworld so investors will have a doubt to join or invest on other coins.

To be perfectly honest, I think it's a yes because every time thw prices of bitcoin and ethereum fall the whole crypto coins will going to fall, also. But we all know that every coins has their own potentials and it can be independent. We must value every coins because they help us to earn profit.