Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Bobcrypto on September 28, 2019, 08:56:32 AM
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I come to reason within a certain time especially in this 2019 that coins/token pairing on just one asset like BTC has been hiddering the prices increase of several altcoins in the market. I think that a continuous additional pairs to the existing ones will reduced the over influence from one asset pairing e.g bitcoin. What is your opinion?
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I come to reason within a certain time especially in this 2019 that coins/token pairing on just one asset like BTC has been hiddering the prices increase of several altcoins in the market. I think that a continuous additional pairs to the existing ones will reduced the over influence from one asset pairing e.g bitcoin. What is your opinion?
I have realized this since last year. One reason why many altcoins remain reliant on bitcoin price is because they are mostly paired with btc. I don't agree on your opinion that additional crypto pairing like eth or ltc will change that though. Perhaps an altcoin/stablecoin pairing can achieve that.
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So if altcoin is paired with several top coins it will make altcoin increase. of course if there is only one pair, for example bitcoin, the value of altcoin is affected by the price of bitcoin. but does not guarantee that altcoin is paired with some top coins with the effect of wearing. all depends on the increasing number of transaction volumes and enthusiasts who use crypto.