I noticed that altcoins are affected by the price of bitcoin when it goes up or goes down, what is the reason behind this? And is it possible that there is an altcoin that can possibly scape from this cycle and how?
Because altcoins are not determined its own value, I mean the price of altcoin still depend on the price of bitcoin to give the rate to the altcoin price. Look at the market and the majority of altcoins are using bitcoin pair as the main pair in every crypto exchange sites right now and that gives a lot of impact to the altcoin price itself which the price will be following bitcoin.