Quote from: Predator25 on June 27, 2018, 03:48:37 PM

Quote from: udana123 on June 27, 2018, 03:46:09 PM

Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?

I think because it is the dominant cryptocurrency as of now. The other cryptocurrencies are directly proportional to the bitcoin when it comes to the value per each token. So if the bitcoin price rise high the other cryptocurrency as well and vice versa.

I agree with you. Bitcoin is the first and major crypto currency. So, when bitcoin prices soar, other altcoins will slowly follow in their footsteps. In other words, bitcoin is a price indicator for coins or other tokens, even if the price of a coin is essentially determined by demand and supply.