Does Altcoin price depend on BTC or ETH??

[yeniruieni]

In this trade, it makes perfect sense if the price change is caused by one or two items that are needed. While Bitcoin and Ethereum are superior coins and both of these coins seem to be connected and Ethereum always follows the growth of Bitcoin. Bitcoin is the first coin that exists and it is only natural that all Altcoin are very dependent on Bitcoin.

[Jackrodwell]

Yes, every coin's price is connected to BTC. If daddy BTCBitcoinBTC crashes it takes the whole market with it down to crap. If BTC rallies up, every altcoin starts to climb.

This has been my observation, this could be that Bitcoin is father of all cryptocurrency which cause all altcoin to behave that way with BTC market prize.

[motun01]

Individually the value and price movements of altcoins depends on the token itself, its demand and acceptance from the crypto community.
Generally however, altcoins  price can be influenced by both bitcoin and ETH because of their trading pairs. Cryptos with only one of these trading peers will respond to price fluctuation of that particular pair

[gwaposakon]

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 altcoins depends on its performance in the market. Mostly depends on how much it is traded in the market. Marketing also plays a great deal in spreading awareness about the coins that make it attractive to investors. Since buying and selling pairs are based mostly in either ethereum and bitcoin, its price is also affected by these coins.

[Victorycoin]

Of course that altcoins are dependent on Bitcoin. Because people see cryptocurrencies as a whole, if Bitcoin falls all altcoins fall because there is panic and people stop believing in a good future.

There are lots of exception on cryptocurrencies market. I have seen several times that price of altcoin has been increased though price of bitcoin has decreased and also for vice-versa.

[Specimen]

mostly yes, but not all. there are some coins whose price changes are not affected by the state of bitcoin while most altcoins are very dependent on the price of bitcoin.

[D3m1r4wanti]

it is undeniable that almost all crypto currencies are guided and are based on ethereum (ETH) prices and bitcoin (BTC) prices

[gowobonyok]

mostly, because both coins are the most influential coins to make other coins at the pump or not. because an investor must see the biggest coin when he wants to invest in the market.

[Gryphet]

it is undeniable that almost all crypto currencies are guided and are based on ethereum (ETH) prices and bitcoin (BTC) prices

Well, I notice those projects on the basis of what Ethereum does not affect them, the price that falls Ethereum or bitcoin , but if bitcoin falls then all the coins are usually affected very much

[alarsincoin]

I think that there is no direct relationship. But at a time when the price of Bitcoin is falling, investors are trying to sell alternative coins. That is why their price is rapidly going down.

[Dacosta Osei-Tutu]

The prices of ETH and Bitcoin have some indirect effect on the prices of the smaller altcoins in the sense that, when these two big coins are going down, they tend to cause fear and panic in the crypto community and people tend to lose interest in crypto investment as a whole which can also affect the smaller altcoins.

[GatotKaca]

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.

of course, the price of bitcoin is very influential on altcoin. if bitcoin goes down, most altcoins also go down. bitcoin can also be called the king of all altcoins, so it is only natural that bitcoin prices affect the altcoin price in the market

[tom14cat14]

I observed that most of the coins depend on the price of Bitcoin and Ethereum and all the graphics are pretty the same

[JuanPaulo]

I observed that most of the coins depend on the price of Bitcoin and Ethereum and all the graphics are pretty the same

Absolutely all coins depend on the prices of Bitcoin and Ethereum. Because they all bargain through these coins and, accordingly, are completely dependent on the price of these coins.

[Victorycoin]

mostly yes, but not all.

You are right. As I told on my earlier post that sometimes price of bitcoin may increase while altcoins price can drop and also alternatively sometimes altcoin's price can be increased while price of bitcoin can be dropped.

[TastyChillySauce00]

I observed that most of the coins depend on the price of Bitcoin and Ethereum and all the graphics are pretty the same

That is because the strong influence of bitcoin and eth. People are always thinking about eth and btc because these two are considered the tool to determine whether the market is bearish or bullish.
Also, most of the people will try to convert their money to btc or eth  when they done with the alt.

[levvv]

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, because most of the altcoins are paired with BTC or ETH in the every exchange market.
But if there is something in the project happening, i think their coins price won't depending on BTC or ETH price anymore.

[lehnelora]

Bitcoin and Ethereum become coins that have great support in the market. All Altcoin are connected with Bitcoin and the crypto market price always follows the growth of Bitcoin and Ethereum. This will be more interesting because everyone focuses on Bitcoin and Ethereum.

[giletto]

mostly yes, but not all. there are some coins whose price changes are not affected by the state of bitcoin while most altcoins are very dependent on the price of bitcoin.

exactly, like stablecoin or some other altcoin that doesn't affected by the price of BTC and ETH, its price only affects because FUD makes it panic sell.

[r_delossa]

Absolutely, especially on this market. At least 50 percent of all tokens are based on Ethereum blockchain and they depend on Ethereums price movements. Furthermore, all other coins depend on BTC because the market dominance is extremely high.