Post
Topic
Board Altcoin Discussion
Re: Are there any altcoins that are independent to Bitcoin?
by
chanc3r
on 18/04/2018, 11:10:08 UTC
I am wondering if there are coins that are independent to the Bitcoin price? Like, if Bitcoin's value increases, the altcoin will not increase at the same time Bitcoin does. Or maybe, I am wrong that the price of Bitcoin doesn't have any effect to the value of altcoins? Please enlighten me with this topic. If there's any coins that are independent, what are the benefits that you can get in investing to that altcoin that you can't get in investing in Bitcoin?
There are no coins like that. All of the cryptos were pegged to the bitcoin, and it can't avoid. Only the stable coin just like tether and many others don't get a lot of impacts or dominated by the bitcoin.
Altcoin still pegged with the bitcoin and if altcoin still gets or use the bitcoin as the measurement to get the result on its price and then it will never be there.