Does Altcoin price depend on BTC or ETH??

[The_prodigy]

in my opinion, the price of bitcoin depends only on how the price of bitcoin and only bitcoin can give effect to all cryptocurrency prices for ethereum will not affect the price of altcoin.

for me, only the bitcoin was give affection to all other coins or alternative coins. we know that the bitcoin is the father of cryptocurrency. and now, the bitcoin is starting ti bull run, so I think the alternative coins would rise up too sooner. the rate of the changing pf the price of the bitcoin is very fast sp the alternative coin having difficult to follow it but don't worry I am sure it is rise soon.

[Jiyens3]

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.

In my opinion altcoins are already too dependent in BTC and ETH. We could observe that when BTC and ETH price move down almost all of the alts will massively fall. This could imply that alts are dependent on BTC and ETH.

in my opinion, for Altcoin that has a price in accordance with its development. and for its development is greatly influenced by the development of other coins such as Bitcoin and Ethereum. so many think that the price depends on both coins. but in fact, does not depend on other coins but on its own development.

[ardodd]

Yes, of course, alternative cryptocurrencies' prices depend on BTC so much. ETH depends on BTC as well because BTC is the foundation of the cryptocurrency market.

[abaidudez]

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 totally agree with you mate. That is why when market price of bitcoin and ethereum drop most of the coins are dropping its price too, not all but most of the coins and tokens.

[gurunanakji777]

Yes altcoin price depends on Bitcoin and ethereum because most of the coins are traded against these two coins. If Bitcoin or ethereum price increased then altcoins usd value automatically increased because of increase in btc per satoshi value and If bitcoin value dropped we will see altcoin usd value will also be dropped.

[lkcryptoman]

I also think that Altcoin price depend on BTC or ETH. Whenever BTC or ETH price goes down many altcoins price goes down and when BTC or ETH price goes up, that altcoins goes also up! I'm noticing this price circulation from 2-3 months

[AndyKete]

I should advice bidding for ether at around 600 $ this month. Getting in at superior prices could be innadecuate this year on account of the lenient bear orders.

[v3liana]

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.

well i do agree. Bitcoin and eth is the market leader and they do have big influence in cryptocurrency. So its not weird when both of this coin down the entire market going down too. But there another factor too such as the success full of the ico and their project. A good coins witth good project will definetly grow and attract the market to buy the coin.

[cerberus5424]

Indeed that has an impact on the price of altcoins is Bitcoin, as it is the leading coin in capitalization, altcoins are following the Bitcoin exchange rate. Ethereum plays no role in this process.

[JTEN18]

As BTC is leading coin so it's a factor for all altcoins price increase or decrease. I think Altcoin price mostly depends on BTC and rest depends on the projects and it's working way.

[whk0]

Yes, of course. it is an actual problem which takes place because of BTC's and ETH's strong positions on the cryptomarket and their prices and trends.

[nelsledma]

Yes. I think of it this way, even if my coin goes up,if bitcoin and eth goes down, the monetary value of my coin will be less. And if bitcoin goes up, even if the price of my coin goes down, there is a probability that the value of my coin will go up as well. Disregard the technicality of it, and you will know that alt price depends on btc and eth.

The market value of all the crypto coins depend on the market value of bitcoin somehow and that the reason behind this is very much obvious. Bitcoin is the most demanding crypto coin and the reputation of the crypto market greatly depends on the market value of the bitcoin. The decrease in the demand of the bitcoin results in the de motivation of the investors to invest in other currencies.

[millytr]

As the market matures, this won't always be the case. This will gradually change once people get more familiar with Bitcoin. Currently it's the main vehicle for on boarding new crypto investors. As they become more comfortable with crypto in general, they'll invest elsewhere minimizing the effect.
The main catalyst for removing Bitcoin dependance is when exchanges that support many alt coins have direct fiat pairs. Right now, due to the challenges in getting money service business licenses in multiple jurisdictions, most either use BTC/ETH or USDT so BTC is typically always involved somewhere in the process.

[Kira_lapa]

The price of altcoins depends on bitcoin. If bitcoin grows, then altcoyin grow, but not so fast.

[shreya.jeloka]

We could observe that when BTC and ETH price move down almost all of the alts will massively fall. This could imply that alts are dependent on BTC and ETH.

[bananaohnana]

As of now BTC and ETH they are the market leader of crypto market. So everyone follows their pricing strategy. Altcoin believes their pricing strategy accepted by investor. That’s why altcoin follows them.

[TRONTON]

Yes. I think of it this way, even if my coin goes up,if bitcoin and eth goes down, the monetary value of my coin will be less. And if bitcoin goes up, even if the price of my coin goes down, there is a probability that the value of my coin will go up as well. Disregard the technicality of it, and you will know that alt price depends on btc and eth.

The market value of all the crypto coins depend on the market value of bitcoin somehow and that the reason behind this is very much obvious. Bitcoin is the most demanding crypto coin and the reputation of the crypto market greatly depends on the market value of the bitcoin. The decrease in the demand of the bitcoin results in the de motivation of the investors to invest in other currencies.

yes, because if likened, bitcoin is the coin pioneer that exists, and etherum is the most widely used platform by the developer project team, so both coins do give a big impact on the price of other altcoins

[Raidzin]

As of now BTC and ETH they are the market leader of crypto market. So everyone follows their pricing strategy. Altcoin believes their pricing strategy accepted by investor. That’s why altcoin follows them.

Ethereum is more focused on the development of the crypto industry, thanks to the availability and possibility of development and implementation. The bitcoin is geared more toward the ideal. Hence the impact on the market is obtained. Bitcoin affects everyone because everyone is leveled at it. And all, in turn, affect the Ethereum, because he bets on all the altcoins.

[udayantha11]

Yes , correlated with BTC and ETH.  If BTC arisen definitively alt will increases. thats how market behaves.

[mrhood]

The system of crypto's work is very universal but its relations inside itself are too strong including eth and btc, and you are right here, eth's and btc's prices incluence on other prices.