Does Altcoin price depend on BTC or ETH??

[forestgunman]

I also agree that most altcoins' coins are dependent on that of bitcoin / eth because almost all of them can only be bought with bitcoin, thus their prices will more or less fluctuate with that of bitcoin / eth.

[ubay]

All coins depend on bitcoin, no matter how good the coin is, it can't match bitcoin.

[sakokinak]

I agree that recently this is particularly noticeable, just noticed that the price of tokens depends more on ETH than on BTC. But BTC also has a huge impact on the market as a whole.

Tokens' price always depends on the price of Bitcoin. BTC is like the ruler of the crypto market. Therefore, many guys that work with the cryptocurrencies prefer to check the rates of Bitcoin very carefully.

[bbcolex]

Somehow yes , some coin and alternative coins are affected whenever the top two coin suffer losses since the most famous exchange we can see in some exchanges are /Btc or /Eth so I think its quite normal some people trade to earn more btc same goes with eth.

[Dancing_Lion]

This may happen, but I think that such a development is still far. I am sure that the altcoins are promising. But not now.

[Kakarot01]

Altcoin costs for the most part rely upon bitcoin. Regardless of whether the exchanging sets of the coin is in ethereum, the cost of ethereum relies upon the cost of bitcoin which implies that the costs of coins relies upon the cost of bitcoin whether straightforwardly or by implication because of exchanging sets. That is the reason you see that when the cost of bitcoin falls, at that point the costs of the various altcoins in the market begin falling as well.

[TomInVa57]

The crypto-currency world is too unpredictable and therefore it is simply pointless to make predictions. I hope that further we can already make such conclusions as bitcoin is not infinite.

[Osayo]

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 prices of the altcoins are controlled mainly with the price of BTC and their demand in the market.

[SuiMikira]

It does, altcoins price is almost depended in BTC. As the main trading pair, BTC price affects directly to altcoins price when market changes.

[Boss95rnd]

Yes it does at the moment. In the last few years, it was reversed. When bitcoin falls, the alts raise and nowadays the market situation depends on where the Bitcoin is going. When Bitcoin raises, than raise the most of altcoins and reversed.

[Vasya]

I think alt coins simply depend its market cost from BTC in light of the fact that as should be obvious, all cryptos can be tradable with bitcoin. That is likewise the plain motivation behind why alt coins' market cost varies when bitcoin is tumbling down and will likewise spike when bitcoin ascends high.

[zingspeed123]

I think that is true. You can look at coinmarketcap. All altcoins are only traded on ETH or BTC. So altcoin always depends on ETH or BTC. If prices of ETH or BTC decrease, the price of altcoin will also tend to decrease

[Almasani]

Yes, almost all altcoins are traded by using Bitcoin with Ethereum, so it often happens if the price of Ethereum and Bitcoin falls then Altcoins also goes down. Logically, if Ethereum and Bitcoin had decreased, Atlcoins would have risen. I also do not understand the extent to which the measurements of the rise and fall of ETH and BTC.

[icomaster90]

altcoins value are highly depends on the BTC/ETH price, yes

[Irvinn]

Of course, the price of altcoins depends on bitcoin, and not on ethereum. The price of the Ethereum coin itself depends on the bitcoin price. This is explained by the fact that bitcoin has a very high degree of capitalization and this allows bitcoin to completely dominate the price over all types of crypto currency. When the level. capitalization of bitcoin will fall to a minimum separation from the capitalization of the upper coins, then it will lose its price dominance.

[wcryptocoins]

Many Altcoins follow on the heels of Bitcoin. When bitcoin becomes more expensive, Altcoins become more expensive. When Bitcoin becomes cheaper - cheaper and Altcoins. So tightly they are connected.

[zacad]

This is a big problem in the market now. The price of altcoins depends on Bitcoin. They don’t have their own market. Few altcoins can rise when bitcoin falls.In the long run, bitcoin-dependent altcoins do not really depend on their own independent value, which is unhealthy.

[00DKM@]

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.

Yes. Unfortunately, I assume that most altcoin are dependent on the btc / eth increment / reduction value. Simply because most of them are listed on these two pairs of exchanges. In addition, the bitcoin value also affects the general psychology of traders, investors, users (all)

[Abu Shadow]

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.

Most of the prices of altcoins will depends on the price of bitcoin as this has a huge volume in the daily transactions. Although those alts that has adoptions on their product will also rise with their increase in the demand. Better to choose those alts that has working product for a higher chance that the price can rise with their adoptions.

[BigTeeths]

Altcoin price always depend on bitcoin and even eth depends on it. Though there are some altcoin that shines when there's a special announcement like rebranding or partnership that occurs in their roadmaps. But it's funny because altcoin prices sunk down automatically when bitcoin crashes but it don't go up the same way when bitcoin is on an all time high.