Is the price of Ethereum dependent on Bitcoin?

[pelana vreo]

Maybe ethereum still depends on bitcoin prices, but not for now because ethereum has many ico projects, bitcoin is a very promising coin for investment, ethereum will be difficult to rise from current prices because more altcoins are dying on the ethereum platform https://deadcoins.com/

[maklampir]

Will Ethereum face the same fate as Bitcoin is facing right now? What are the striking differences from Ethereum and Bitcoin?

The phenomenal increase in Ethereum prices a few weeks ago caused speculation about the change in Ethereum's coin which became the killer of Bitcoin. An increase in Ether prices and a surge in trading volume has led to a clear comparison between the two digital currencies.

[Sentinel]

Not only ethereum, because almost all altcoins depend on the value of bitcoin. As far as I know, if investor confidence in bitcoin rises, this will also have an impact on the increase in altcoin value. And that's the opposite.

[Doctor]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes , It is true. For now, The price of bitcoin affect the value of all altcoins. Because Bitcoin is the King of crypto currency.

[The Translator]

The ethereum price depends on the number of requests and offers such as other coins. The more demand for ethereum, the ethereum price will also increase. But it cannot be denied that bitcoin has an influence on the value of altcoins because bitcoin is the king of crypto currency that has the greatest confidence.

[mlegend]

Ethereum is still dependent on Bitcoin and the market is still affected by the Bitcoin market. But it's true you say, Ethereum has the opportunity to be free from Bitcoin and can become an independent coin, because Ethereum can rely on the token in the ICO so that from the ICO, Ethereum can boost the price to be higher without having to wait for the price of bitcoin to rise.

[satpol_PP]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

Yes, I think. The price of ethereum dependent on bitcoin. Because Bitcoin is the firts of crypto currency.

[Goku01]

Some way or another, ethereum cost is significantly impacted by bitcoin. As we see the market, the development of BTC will specifically influence the development of all altcoins including ethereum. We couldn't deny the way that BTC holds more prominent offer available. Despite the fact that, there are numerous components influencing the development of ethereum however it's certain that a vast part of it is by the impact of btc.

ICO's have an offer on the development on the grounds that the vast majority of undertaking are constructing their stage with respect to ethreum blockchain. An expansive dissemination of the coin was put into the ICO showcase.

[Norma]

Ethereum is still dependent on Bitcoin and the market is still affected by the Bitcoin market. But it's true you say, Ethereum has the opportunity to be free from Bitcoin and can become an independent coin, because Ethereum can rely on the token in the ICO so that from the ICO, Ethereum can boost the price to be higher without having to wait for the price of bitcoin to rise.

True the ETH is still affected by the price of Bitcoin. Although they are different, bitcoin has the power to reduce the price of the entire crypto unless the cypto investors can be counted on the fingers. Even so ethereum has good power to influence the price of the entire ICO, if the ETH price is good, the ICO price is also good.

[idhunter]

The rest, Ethereum still depends on its market price in Bitcoin. But Ethereum also has a great opportunity to be able to get back on its own by relying on Tokens at the ICO and also some investors who enter and invest in them. I would think that later Ethereum could escape the influence of Bitcoin and become an independent coin.

[andreanthree]

Somehow, ethereum charge is significantly motivated via bitcoin. As we see the market, the movement of BTC will at once have an effect on the movement of all altcoins consisting of ethereum. We couldn't deny the reality that BTC holds extra proportion on the market. Although, there are numerous factors affecting the movement of ethereum however it is plain that a massive portion of it's far by way of the have an impact on of btc.

[damsix]

It's not like that because Ethereum also has a different vision from Bitcoin.
The Cryptocurrency market is only now following Bitcoin, when 2015 was the first time when Bitcoin rose then altcoins dropped and vice versa.

[Jaguar]

There's a lot of things to be excluded in order to gain independent from bitcoin market sovereignty. Ethereum will become official independence once bitcoin is dead.

[de_prof]

Bitcoin has a general influence on the entire crypto market due to the pairing of most of the coins including Ethereum to Bitcoin on the market. Also, Bitcoin holds more than half the total number of crypto investors.
However, the price of Ethereum is dependent on several factors not on Bitcoin alone. The major factors include the performance of ICOs because more than 90% of ICOs use the Ethereum Blockchain.

I think the price of ethereum is depending on demand and supply. But the price of bitcoin also affect the value of ethereum.

[samanti]

Buying a bitcoin is not the same as buying a stock or bond. Bitcoin is not a corporation, so there are no corporate balance sheets or Form 10-Ks to review, and no costs, revenues, or profits to create a baseline against other cryptocurrencies.