We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
Altcoins can move independently however due to its tied pair with Bitcoin their independent movements really dont make impact if only it is tied to USD in the first place then we might notice their growth. Bitcoin serves a magnet for all crypto assets wherever it goes everything follows.
Yes, although the altcoin price can pump on its own, but it seems to be an individual pump, and not so high. for example BNB. the price of the pump little by little. but, we can see BNB reaching its ATH when the price of bitcoin pump and dominance. it also happens to altcoin altogether. altcoin can pump, but the true potential will only occur when the price of a bitcoin pump.