Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down
I also do notice this thing and yes its true. Bitcoin is so dumped right now and most alts dumped too. But when bitcoin is so high like last year, alts also become high. I think one of the reason why it is depended is because bitcoin is a really powerful coin. Like example if the leader of the whole team become weak, the members become weak too.