Post
Topic
Board Altcoin Discussion
Re: Is the price of ethereum dependent on bitcoin?
by
Accts4u2
on 12/11/2018, 08:18:12 UTC
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

Yes the price of ethereum is still dependent on the price of bitcoin, that is because bitcoin is the coin that influences all of the coins, it has the highest value of all of the coins and it was the first coin so it is only normal that the value of all the altcoins are compared to the value of bitcoin. This is because there are trading pairs between bitcoin and ethereum