Post
Topic
Board Altcoin Discussion
Re: Are all altcoins dependent on Bitcoin?
by
MCDev
on 09/06/2021, 10:12:55 UTC
Only a handful of coins have been spawned from the Bitcoin fork, and it's not many. The majority of cryptocurrencies today are born on the basis of ETH or BNB.
When bitcoin price drops people often panic and sell their coins, there are many coins traded based on btc so when BTC drops in price other coins also go down.