I understand that since altcoins are paired with BTC for trading, the price is based off bitcoin's.
However, even if an altcoin is doing well, it can tank (in terms of sats) when bitcoin's price corrects.
Will we ever see a market that isn't so heavily dependent on bitcoin? Is this possible for the future?
Basically, alternative coin price go the same track with bitcoion simply because the exchanges use it as a primary currency for coversion. Bitcoin also becomea the basis because it has become the one of the best established coin. Its like doklar in the traditional currency, where prices are all based. There were coins that are not dependent on bitcoin, those coin maybe established already or centralised unlike bitcoin which is not.