Does Altcoin price depend on Bitcoib or Ethereum?

[yousufatik]

Since most of the alt coins are traded with Bitcoin or Ethereum. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

[bdamenaakter]

The increase or decrease in the price of all coins in crypto depends on BTC. The value of BTC is very sensitive to whatever is happening on crypto when it will give effect to crypto, therefore the crypto value is very volatile. But the price of altcoin also has a basic influence on themselves, the better the quality of the coin, the stronger the ability of the coin to be able to have a good price.

[mamun777]

At the moment, BTC has the largest capitalization and dictates a trend to the entire crypto market. ETH is second in capitalization, but it also follows BTC. Now on the bear market, this dependence of altcoins on BTC is highly visible. But at certain moments, when the market changes its trend, the connection between BTC and altcoins can weaken and with a falling BTC, altcoins can grow and vice versa.

[kamal420]

ETH does not affect the price of BTC or Altcoin, but the price of BTC affects all coins, because BTC can be the main parameter for the world of cryptocurrency
when we see BTC prices change drastically, then the value of Altcoin prices against the USD also changes drastically, the changes can be in line can also be the opposite.

[Jetski]

Yes it looks like the altcoins depends on ethereum and bitcoin because most of the time that the prices of two coins fall other crypto investment are also falling.

[doc]

Since most of the alt coins are traded with Bitcoin or Ethereum. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

In my opinion altcoins price depend on demand and supply.. Bitcoin price only affect the value of all altcoins.

[cryptofunn]

more and more Altcoins begin to bargain with the Stable Coin. Of course, if there are no other trading pairs besides bitcoin and ethereum, then the price of the latter will determine the price of altcoin

[Dynamite]

Correction, it is not dependent in two coins but only in one coin. Ethereum is also dependent to bitcoin price same with the altcoins. It is bitcoin alone that drives this market into moon or into land navigation. This is my observation about this bitcoin and altcoins in the market.

[tamango]

It's normal that the price of every altcoins has a strong positive correlation with Bitcoin and Ethereum because these two are the biggest ones (with Ripple) in terms of capitalization.  When there are huge movements all other coins will follow normally these movements too

[inewoods]

Since most of the alt coins are traded with Bitcoin or Ethereum. SO I think altcoins prie are dependent on the price of this two.
What is your opinion please share.

I beg to differ this but is the whole crypto is taking a massive damage altcoins price will definitely be affected like what is happening now. Previously we see ethereum going down but bitcoin hold its grown we will still see some altcoins price rising.

[Annalise]

I have been asking this question, but there seems to be no logical answer in view yet.
Hopefully I get my answer from the thread.
The comments have been informative so far

[icolumnist]

The majority of the crypto markets follow bitcoinand eth comes second . Bitcoin is the leader and market influencer  Where there 2 goes,  the rest of the market tends to follow them . Altcoins prices is also dependable on these two .

[Deallove9]

Every coin depend on demand and supply from market maker , but the paired with btc has a significant effect which makes btc a very unique coin among all , one btc is down in dollar every coin paired with btc will also have effect of that dip eg if 1 btc is $10,000 and a ripple is $1 which is 0.0001 in btc value so if btc trend down from $10k to $8k and the ripple still remain 0.0001 in btc value then it will automatically dip from $1 to $0.8 value .

[Ahmedalab]

BTC has the largest capitalization and dictates a trend to the entire crypto market. ETH is second in capitalization, but it also follows BTC. Now on the bear market, this dependence of altcoins on BTC is highly visible. But at certain moments, when the market changes its trend, the connection between BTC and altcoins can weaken and with a falling BTC, altcoins can grow and vice versa.

[luvr1000]

it has always been so the whole market depends on the price of bitcoin since this main coin and all altcoins are attached to it