Post
Topic
Board Altcoin Discussion
Re: Does Altcoin price depend on BTC or ETH??
by
Rudi Setya
on 31/05/2018, 08:34:33 UTC
Since most of the alt coins are traded with BTC or ETH. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

In my opinion altcoins are already too dependent in BTC and ETH. We could observe that when BTC and ETH price move down almost all of the alts will massively fall. This could imply that alts are dependent on BTC and ETH.
I do not see that Altcoin continues to rely on either Ethereum or Bitcoin. with the efforts of Altcoin himself to be able to achieve a high enough price. so to make Altcoin has a high enough price does not need to wait and depend on Ethereum and Bitcoin.