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!
The trend is indeed more frequent when bitcoin goes up, altcoins also go up. However, if the price of bitcoin goes down, altcoins fall much deeper. However, I see now that not all altcoins follow the bitcoin price. Sometimes they already exist that can stand alone without the influence of the bitcoin price. This is what we really hope...altcoins can stand alone, without the influence of bitcoin at all.