Does Altcoin price depend on BTC or ETH??

[dilandanmilea]

if you look at the development of crypto coin prices, maybe most of the price of crypto coins on the market almost all depend on the price of btc, when the price of btc rises then the altcoin price also goes up, and vice versa, when the price of btc drops the altcoin price also goes down, somehow the rise and fall of altcoin prices depends on the price of the btc I also still do not fully understand.

[provide_life]

Basically, the price of Altcoin as well as Ethereum depends on the price of Bitcoin, I think this is due to the fact that almost all Altcoin are traded on exchanges paired with Bitcoin.

[o.ogurlu]

Almost all altcoin prices are affected by changes in the bitcoin price. When bitcoin rises, the prices of these altcoins also rise. But I do not think there are too many altcoins affected by changes in the price of the etherum. Because ethereum is also often affected by the price of bitcoin.

[vasilisc555]

It seems to me that the prices of altcoins depend on where people bring money. If in bitcoin it only grows. If in the remaining coins, then we see a strong growth of altcoyins.

[PM.coins]

even with these few days BTC prices have experienced a decline in price. and altcoins also always follow. it seems it can be said that almost all altcoins depend on BTC and also ETH. but you can argue differently, according to your point of view. whatever happens don't panic. be patient

[htsz_da12]

BTC and eth can play a leading role in cryptocurrency. If the price of eth and BTC continues to fall, the price of other altcoin will surely fall as well.

[team87]

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.

it seems almost like that, that the price of altcoin depends on the stability of the prices of BTC and ETH. because BTC is the leader of them. there is a link that might have become the line. that doesn't mean it's destiny.
and I don't think that actually becomes a problem later.

[Coinlover9]

That's the reality whether we like it or not but the market is connected and there rise and fall are consistent with eachother.

[hieuho381]

I think you may be right, altcoins nowadays are too much depends on the the price of ETH and BTC, i think it is because investors only care ETH and BTC as their main sources of long term income. They invest in altcoins only for profit and only when they have enough, surely they will dump other altcoins and get back to ETH and BTC.

[Katya91a]

The price of altcoins does not depend on Ethrium, but the price of bitcoin directly affects the price of altcoins. Bitcoin is hooked in price and the whole market is red with it.

[Zykexia]

I think this two coins are the basis mostly of the alts, if this will coins go down the alts also are affected to its lost.

[Lygushka]

I believe so. Altcoin prices depend on both ETH and BTC prices. As you can see in coinmarketcap, as the value of bitcoin increases, most altcoins also increases and the value of bitcoin decreases as well as albumins decrease. in market exchange.

[mabell943]

Of course not, the company of alternativecoins are not depending on th price of ethereum or bitcoin because they are separated to each other and alternativecoins are independent in generating of their income.

[batgrzl]

Yes, most coins follow the price of Bitcoins, because they have not yet shown their value, so they generally follow the market fluctuations.

[Seriousbizz]

Moat of the altcoins are built on the blockchain of Ethereum ant Bitcoin, and the growth or recession in either of these coins might relatively have an effect on the altcoins. In addition, most of the altcoins can only be gotten if exchanged with ETH/BTC, so it might also play a role in affecting their prices. However, we saw recently that an increase in BTC didn't lead to an increase in the other coins, and I'm not sure what I think again.

[fortelen]

I think so, the Bitcoin price really gives the influence to the altcoins. The Bitcoin is the king of the crypto. This is first. many people still think about this condition that leads them to trust more on Bitcoin. So, when the BTC price is dropped, they will also decrease their interest in altcoins.

[swati123]

As BTC is the King of all Crypto currency so it Is leader in the market. BTC and ETH are the two main most trusted coins and price of all other Altcoins depends on these two. In my opinion, people generally follow price of these coins and invest accordingly.

[Baihum]

yes, I think the price of altcoin also depends on the price of bitcoin. so I think the price of bitcoin will increase again in the near future, because seeing growth every day is also getting better.

[elegiyas]

Currently, the price of most alt coins is affected by that of BTC. But the situation will improve with time.

[Lite.Six]

yes, almost all altcoin depend on bitcoin price. just take a look now. when bitcoin price goes fall, almost all of altcoin goes fall too.