1
Dogecoin Forum / Re: doge coin is a very
« Last post by Freemind on Today at 11:46:06 AM »Agree, but when we discuss bitcoin and altcoins then the altcoin price movement should depend on the development of the project they have. If the product they develop then this altcoin will have the potential to no longer follow bitcoin price movements. Meme coins such as Doge, Shiba and Pepe of course still follow bitcoin price movements because so far they have not developed any products.
Although in theory it “should” be as you say, in practice it is not like that, and I think it will never be like that, as @satpol_PP says. The market and its direction is governed mainly based on Bitcoin, no matter how good or bad the development and potential of altcoins may be, since no matter how good these factors are, the largest capitalization is destined for Bitcoin. There has long been talk of "decoupling" altcoins from the economic value of Bitcoin, but no conclusion has ever been reached that could be effective. Bitcoin dominates and always will dominate the cryptocurrency market and where that market is headed.