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!
According to what I've seen it looks like altcoins depend on bitcoin.
Most Altcoins in circulation are still designed based on the framework found in Bitcoin.
In the investment field, both have different prices, Bitcoin prices are much more expensive when compared to Altcoins.
When Bitcoin experienced an increase, Altcoins also felt the positive impact, where investors made this international payment instrument as an investment alternative.