I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
Not all but when BTC does tip, it drags a lot of them down with it. That's why I use DIVI to stake so I can still earn
It is normal that there is a certain interdependence between cryptocurrencies because their value is determined based on supply and demand within the sector. The influence of BTC is based on its age, so it makes sense that it affects both when the price rises and when it falls.
Given this scenario, it is worth targeting functionalities within cryptocurrencies to minimize losses despite the changes. A good option is to do staking with Divi, it allows you to generate passive income that will always be an added value.