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?
First of all this is not always the case. Not all cryptocurrencies follow Bitcoin price action. Saying that would be an exaggeration. Even in negative Bitcoin price action, if an altcoin has some news or update coming, it can very well defy the bear phase and can get pumped. Bitcoin being the dominant currency has some effect over the marketcap of all the currencies because of the existence of BTC pair with almost all the altcoins. But that isn't the only price driving factor.