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.
At the moment yes Altcoins are depending on Bitcoin but soon that will change when the Flippenning occurs, Altcoins will start to get valued independenlty of Bitcoin and we will begin to see the biggest explosion of the Cryptocurrency market.
all I know is that Altcoin always depends on Bitcoin not on Ethereum because you also know if altcoin price always follow bitcoin movement until now and so now altcoin and bitcoin prices have not come back then from that many people who hold altcoin and wait for altcoin price again stable because if the price returns Bitcoin Altcoin price will also return
Altcoin prices indeed keep abreast of the developments present in Ethereum and Bitcoin. with its development, it is very capable to become a better future in the future. indeed with the presence of an increase in the development that exists in Bitcoin and Ethereum, it makes the spirit for Altcoin to have a high price too.
I deny this opinion. because I see for the development of Bitcoin and Ethereum does not affect the price of Altcoin. the price of Altcoin is fully affected by the development of the Altcoin itself. when its development increases the price of Altcoin will rise. so support is needed to improve the development that is present at Altcoin.