Big difference Bitcoin and other top altcoins

[Kang TB]

Maybe that is because bitcoin was the first coin launched and many people believe that bitcoin can be the new option in the payment system. And with the price that has a big gap among the other coin, people are interested in having bitcoin as a long term investment than the altcoin. That is because the altcoin will be behind bitcoin. The price will fluctuate as follows with the bitcoin price. But maybe we have a different point of view about bitcoin and altcoin.

indeed, the idea why bitcoin created is a great idea that come from unknown guy called satoshi nakamoto
then after that a lot of people create their own coins, but for sure the new coins created after bitcoin will never replace bitcoin as the king of crypto and market capitalizations from bitcoin will always higher than the others

[1715292213]

1715292213

[1715292213]

1715292213

[suzanne5223]

In this top 10 list clearly there is a big gap between Bitcoin and the other altcoins. What causes this and will other altcoin ever catch up with Bitcoin?
Modify message

Every cryptocurrency market trend have different momentum and after Bitcoin halving is totally executed the market trend is decide by Bitcoin market and after Bitcoin experienced total bullish before altcoin market will experience a big pump in price. We are yet to reach such a phase that's why the gap between Bitcoin and altcoins is big.

[Onuohakk]

It will be mission impossible to ever think altcoin will meet up with bitcoin in price.
Bitcoin will forever be the King of crypto and no other altcoin will challenge her dominance. Bitcoin leads while altcoin follows in price.
Bitcoin always comes to people's minds first before any other altcoin when it comes to crypto investment. The demand for bitcoin is what always trigger the price of bitcoin

[Teraboy]

This should not be a surprise as BTC is pegged to all other alternatives coins/tokens which will make its dominance not fade away anytime soon. Besides, BTC is the first successful digital currencies that brought the revolution, huge community support, an eye-opener to financial freedom without any central authority, a safe haven in time of unexpected circumstances etc

It's wrong dude. All of altcoins were pegged with bitcoin. The dominance of bitcoin has come from the trust of bitcoin. More people truse it and it will increase the price of bitcoin and then the dominance of bitcoin will increase too. I think that your statement is quite wrong to say that bitcoin is pegged to the all of altcoins.

[FanEagle]

Bitcoin will always be the coin that everyone looks upto, that is the one that decides on whats going in the crypto world, without bitcoin we have no crypto world.

People assume that crypto world could survive even after bitcoin but if bitcoin became something like 10 dollars tomorrow due ot some hacking that wasn't figure out so far but was built today, believe me all other coins would cease to exist or would worth a lot less as well, the dominance wouldn't change so bitcoin at 10 dollars each would still have 60% dominance and think what that means price of all other altcoins becomes. This is why always have some bitcoin in your portfolio, doesn't matter how much but have it as much as you can so that if anything happens, bitcoin would be the last one to go.

[arjuna BTC]

The top 10 cryptocurrencies in $ in the year 2020.

Name of coin    Value $
Bitcoin              18,068
Ethereum             478.09
Litecoin                  72.84
Ripple                      0.29
Chainlink                13.47
Eos                          2.61
Yearn.Finance   22,814
Ethereum classic       6.14
Bitcoincash           247.11
Tron                         0.025

In this top 10 list clearly there is a big gap between Bitcoin and the other altcoins. What causes this and will other altcoin ever catch up with Bitcoin?
Modify message

for me the big difference between bitcoin and other TOP altcoins is only community not the price
because all Top altcoins community is a part from bitcoin community right ? but not all bitcoin community will be a part from top altcoins community

[Ridwan Fauzi]

Bitcoin is the mother of crypto currency, as you can see in the market. Almost all altcoin price will be depend on bitcoin price movement, bitcoin up and altcoin will up and bitcoin down it will be the same with altcoin.

This is why bitcoin will have a high price comparing to another altcoin. Also, the main focus for investor whi just come to crypto currency for investing they will only choose bitcoin first as the main place and then they will choose an altcoin as the second place.

[Helpme_please]

Bitcoin is the mother of crypto currency, as you can see in the market. Almost all altcoin price will be depend on bitcoin price movement, bitcoin up and altcoin will up and bitcoin down it will be the same with altcoin.

This is why bitcoin will have a high price comparing to another altcoin. Also, the main focus for investor whi just come to crypto currency for investing they will only choose bitcoin first as the main place and then they will choose an altcoin as the second place.

bitcoin recognized as safest cryptocurrency at this moment by new investors, its simple and no need effort to analize like altcoin coin. sometime our analisys in coin research often wrong and it make our investment getting loss. so by this reason bitcoin will always be first cryptocurrency and influenced to altcoin.

[shoreno]

ltc , bch and ripple are the coins that are playing under the top 10 not only in the year 2020 but also in a couple of years in the past but for the eth and btc both coins are permanent under the top 10 bracket  .

btc has a big differences among alts but on the list theres that yearn finance that has a value of 22k usd , the coin was down but yearn finance value before was more than that . this altcoin's gap is bigger than in btc . what causes this can be a mystery but the cause for btc pump is organic because it wasnt an instant pump .

[SquallLeonhart]

I believe coins being pegged to bitcoin is coming to an end very soon. It will not be over 100%, there will still be a lot of coins and a lot of volume pegged to bitcoin, however it is going down more and more every single day.

Right now, we have a lot of coins that is pegged to USDT as well (or any stable coin) which means we are talking about coins that will not be paired with bitcoin as much as they used to even if they have a btc pair because many people may switch (or already switched) to usdt pair of the same coin.

Secondly we have DEX now which means people can exchange any token to any token and that means people could pair their own coins with whatever they want in return, so it could also drop bitcoin volume as well. Basically bitcoin pairing with alts are not as much of a "must" anymore as it used to be.

[Entei]

Satoshi Nakamoto the creator of Bitcoin opened the Pandora's box and the pioneering spirit grants him the glory of opening the gates of a new era. It may seem a little bit of fiction or mythology but that is the reality you find. Another point that we can emphasize is that many investors consider Bitcoin as digital gold and many are transforming their solid fortunes in Bitcoin algorithms and this fact corresponds to the great increases adding with the entrance of large institutions that intend to acquire a market share.

[CapGelatik]

for me the big difference between bitcoin and other TOP altcoins is only community not the price
because all Top altcoins community is a part from bitcoin community right ? but not all bitcoin community will be a part from top altcoins community

that is certain, meaning the difference is meant about price,
if the price is clear about the demand and total supply that an altcoin has,
there are even altcoins that have a higher price than Bitcoin, namely YFI,
because the small total supply makes this fly past the king's price Bitcoin.

[mnporter2001]

In this top 10 list clearly there is a big gap between Bitcoin and the other altcoins. What causes this and will other altcoin ever catch up with Bitcoin?
Modify message

Will not have any altcoins can catch up the value of Bitcoin. In fact, Bitcoin is the coin that brought fame to this Crypto market, and it is only Bitcoin that can resist asset inflation.
So no matter how good the news is, altcoins are second only to Bitcoin. It has a very clear divergence as Bitcoin dominance is always above 50% and we should get used to it in the Crypto market.