There is nothing surprising in this, that these projects are related to the rate of the main cryptocurrencies. After all, the teams developed their projects to launch on the cryptocurrency market.
Since coins of any project are traded in pairs to ethereum and bitcoin, therefore, the price depends on these currencies. Plus, projects collect funds in bitcoins, this also links the token to bitcoin
This is not always true. The project can use cryptocurrency to collect investments, but it can work in the real sector of the economy. If the inflow of profits occurs in ordinary money, then the capitalization of the project will not depend on the price of a
BTC or
ether.
Unfortunately, this project is purely for cryptocurrency, so for such a project the growth of the main assets of the crypto industry is needed.
All the projects that I met are tied to the price of Bitcoin and ethereum. Even those who work in the field of buying and selling real estate. Tell me which coin projects are not tied to the price?