Does Altcoin price depend on BTC or ETH??

[itsik78]

Of course, there is a price dependence on altcoins from bitcoin. With the increase in prices for bitcoin, prices for alcotnums also increase, and vice versa. The most dependent on bitcoin prices are the prices for Litecoin (0.84), DASH (0.82) and Monero (0.84). Prices for ETH are also closely related to bitcoin prices, but the degree of this relationship is lower - 0.77. When the price of bitcoins changes by 1 point, the prices of these currencies change in the same direction by at least 0.8 points.

[bchdfsy]

I think almost all altcoins transfered into ETH or BTC because mostly all the other altcoins are useless and now all turning around ETH and BTC.

[WealthAscent345]

Yes, new coins depends on BTC  and ETH as we follow and depend on our leader.

[alexhitch20]

Yeah obviously. More bitcoin than ETH as it's the main trading pair by a long way. ETH probably still has a small effect though.

[Kuchiyose]

the price of altcoins depends on the prospects of their projects. but bitcoin has a great influence in the market and therefore the price of altcoins follows the price of bitcoin.

Bitcoin is a price guideline that will occur in other Altcoins because at the time of project development the value of the $ 1 coin will change after the development is complete. Prices will always change at the end of the project.

[usantosluu425]

This is for sure. By BTC and ETH are the big coin coins on the money market. All their variables affect the entire market.

[emezh10]

The price of most of the coins on the market specifically the alt depends each of their value on the current price of bitcoin or ethereum so we could conclude that the movement in terms of the price of each coin affects by the changes on the price of each major cryptocurrency on the market. So it is time to manage to learn also the way of trading so we could have a better trading and good investment in the future.

[AyeshaS]

Although there are others factors also that are affecting the value of Alt coins but it is more significantly affected by BTC & ETH value, you will notice the decrease in ALT coin value with the decrease in BTC & ETH price but the same doesn’t always happen if there is an increase in value of these two…

[sanacaks]

It is obvious that alt coins are depended on mostly in BTC and some in ETH. There are few strong coins that I have seen that are able to stay stable or rise  when BTC drops rapidly.

[cryptobiolog]

It does not depend, it is a separate project and blockchain system. It depends only on the level of supply and demand in the market.

[JaoBadjap]

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

its more like a basis, even though this deep dip.
some token/coins are tend to fight back and get back close to its original price.
although the prices of ETH and BTC affecting the majority of tokens.
its also easy to say yes, though not all of altcoins get affected.
a lot of factor we could reconsider, such as the volume of trading pairs on major exchanges.
the more buyers on such dip, it could pump the altcoin price regardless of the eth and btc price at the moment though

[axel2078]

It does not depend, it is a separate project and blockchain system. It depends only on the level of supply and demand in the market.

I think you are wrong. Even blockchain projects and their own platforms are still affected by the price of bitcoin and eth. Like everyone said, bitcoin and eth are the two largest cryptocurrency and decide on the whole market.

[Xomukiw]

in any case, as I would see it, not all altcoin costs rely upon the cost of btc, some of the time there are likewise some altcoins that when the cost of btc drops even the cost of the altcoin increments, so additionally the inverse some of the time additionally has an altcoin which when btc encounters an expansion in the altcoin costs really diminishes. be that as it may, these days most altcoins rely upon the cost of btc.

[2fresh]

Yeah obviously. More bitcoin than ETH as it's the main trading pair by a long way. ETH probably still has a small effect though.

Maybe on erc20 tokens that run on the eth network, but I doubt eth influences any other coin.

[Lonthe]

Yeah obviously. More bitcoin than ETH as it's the main trading pair by a long way. ETH probably still has a small effect though.

It cannot be denied that the influence of bitcoin and ethereum is the strongest, trading altcoins always uses bitcoin and ethereum so that when the price of both rises it will make the price of altcoins also rise, and vice versa.

[Ayasena]

yes all altcoin prices depend on bitcoin prices and some use ethereum. because bitcoin and ethereum are very widely used for ICO and currency exchange. In addition, many altcoin or ico currently use bitcoin and ethereum instead of buying their coins

[Stupidtrolley]

In spite of the fact that the majority of coins are founded on the eth platform and as it would have to seemed to depend on it, but their price depends on bitcoin. Quite perhaps because also the price of eth also depends on bitcoin.

[mika1977]

At the moment, bitcoin is a landmark for all coins, even for Ethereum. The situation may change if the Ethereum will overtake him in terms of capitalization.

[bayupermana]

All prices of all cryptocurrencies are depended on the price of btc and in another way as well. Their connection is too close and it couldn't be avoided.

[imgoinforbitcoin]

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 price of all of the coins are actually dependent on the price of bitcoin. The price of eth is also dependent on the price of bitcoin which makes it that all of the market is dependent on bitcoin for their value. This is why the only way to go into a bull market is to actually pump the price of bitcoin.