Why Altcoins are dependent variable?

[satpol_PP]

The fundamental reason behind altcoins following Bitcoin is because altcoin prices are typically measured in Bitcoin. The original crypto asset may be flanked by over 3,000 competitors, but it still commands over half of the entire cryptocurrency market cap. This domination of the crypto market affords Bitcoin a lot of influence and control.

Because altcoins always pairing to bitcoin, and bitcoin is the King of crypto currency.
Bitcoin is always be the trend.
So, It's the reason why altcoins are dependent variable.

I think altcoins always be dependent variable, because bitcoin is still be The King of crypto currency, as you said before.
So It will happen and continue until there is potential coin to replace bitcoin.
But that's someday, maybe altcoin will be independent.

[Callisto]

The hype is doing a lot for cryptocurrency, in particular for bitcoin. Its popularity has spread all over the world. Another important factor is trading in pairs, because bitcoin trades with altcoins, because of this they will always be in second place, and the market value and capitalization of bitcoin speaks for itself.

[dekafee79]

The hype is doing a lot for cryptocurrency, in particular for bitcoin. Its popularity has spread all over the world. Another important factor is trading in pairs, because bitcoin trades with altcoins, because of this they will always be in second place, and the market value and capitalization of bitcoin speaks for itself.

I agree with your opinion about bitcoin is pairing almost all of altcoins.
I think It's the reason altcoins are depending on bitcoin price.
So, as Op asked, altcoins are variable dependent. That's true.
Bitcoin is most popular than other coins.

[doc]

We see, the crypto market is always dominated by Bitcoin where other coins follow it. When BTC price was over 60k, altcoins price was at the pick. When BTC price decreased at 31k, all other coins went down at bottom and vise versa. Altcoins price is always dependent on Bitcoin price but Bitcoin price don’t follow others. Why altcoins are dependent variable to the crypto market? I think, altcoin market has largely developed in the last few years. Now it has many good coins. So to make the crypto market stronger, it should have some independent coins whose prices will not be affected by other’s price. It will follow itself.

What do you think?

Yes, bitcoin will dominate as long as bitcoin is remaining be the King of crypto currency. Bitcoin is independent variable because bitcoin price will effect the altcoin.
So it's the reason why altcoins are dependent variable. It will happen continuously until there are potential altcoin that replace bitcoin at the coming future.

[DAMKAR]

We see, the crypto market is always dominated by Bitcoin where other coins follow it. When BTC price was over 60k, altcoins price was at the pick. When BTC price decreased at 31k, all other coins went down at bottom and vise versa. Altcoins price is always dependent on Bitcoin price but Bitcoin price don’t follow others. Why altcoins are dependent variable to the crypto market? I think, altcoin market has largely developed in the last few years. Now it has many good coins. So to make the crypto market stronger, it should have some independent coins whose prices will not be affected by other’s price. It will follow itself.

What do you think?

In my opinion, there two variables at market.
Independent and dependent.
Independent variable is bitcoin, because this coin is the King of crypto currency, not depend on other coins.
Altcoins are always depending on bitcoin performance as many member said here. That's true.

[Afony]

Bitcoin is also a cryptocurrency that depends on investors who invest in it, only then other altcoins depend on bitcoin. It would probably be good if each cryptocurrency was on its own, then the price of some projects was very high.