Quote from: Silberman on March 07, 2022, 07:05:56 PM

Quote from: Chipard on March 07, 2022, 05:57:23 AM

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Because the market cap of bitcoin is huge, it is widely known that the market cap of bitcoin is really high, however those numbers can be deceiving as one coin can be sold for 1 dollar and if it has one million coins as a supply then suddenly it has one million dollars of market cap, which is not true, so the market cap of bitcoin is even higher than what we think, this means that bitcoin has an enormous influence over all the other coins in the market and I do not see this chaining soon at all.

The price of altcoins depends to much on the price of Bitcoin. When bitcoin falls all altcoins falls too.
But a lot of depends how useful is the coin and about it demand in future.
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