❓ASK Is there any crypto which is independent of Bitcoin price.

[MRizwan530]

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As we can see when bitcoin price is pumping then every currency starts something and when between price goes down then many currencies are also dumped I want to ask is there any currency which is independent of Bitcoin so that we can purchase it and we have no fear of Bitcoin price.?

 

[Shahid14]

As we can see when bitcoin price is pumping then every currency starts something and when between price goes down then many currencies are also dumped I want to ask is there any currency which is independent of Bitcoin so that we can purchase it and we have no fear of Bitcoin price.?

My experience so far, depends on all the cryptocurrency at the bitcoin value, it goes up and down with it in my point of view.

 

[achawaskey]

Recently, I don't if Bitcoin prise really affects Ripple, because as Bitcoin is increasing Ripple is falling and I'm not sure if that will be the case if Ripple come out of there law suit.

 

[Wisdom01]

I think even litecoin , ethereum are more dependent on bitcoin price , except you are ready to invest on shit coin like xrpdown and others but i wouldn't recommend that

 

[mikenovo]

I don't think there is such a crypto. I haven't heard of any for sure.

 

[Sudipta]

I think most of the altcoins are depended on the rise and fall on bitcoin's price these days more or less. Like litecoin, ethereum and bitcoin cash are the top followers of bitcoin currently.

 

[Josemendez]

Coins like litecoin , Bitcoin cash built under Bitcoin network normally rises with Bitcoin rise , but this doesn't mean that they are dependent on Bitcoin price

 

[Niftyicon]

I am yet to see any core coin that has its price entirely independent of bitcoin. It is why most times, I just check btc price to be sure of the standing of my other coins.

 

[Josemendez]

I am yet to see any core coin that has its price entirely independent of bitcoin. It is why most times, I just check btc price to be sure of the standing of my other coins.

There was a coin that reached $33,000 when the price of Bitcoin was very low . I think the coin is YFI coin. It has nothing to do with Bitcoin price.

 

[De-rector]

Almost all new coins and DeFi tokens don't depends on the price of bitcoin before they can rise or fall. To verify this check most Exchange platforms.

 

[Niftyicon]

There was a coin that reached $33,000 when the price of Bitcoin was very low . I think the coin is YFI coin. It has nothing to do with Bitcoin price.

Yeah, I remember YFI coin astounded me then when I discovered how high it was compared to bitcoin. Presently, I don't know what influence btc has on it.

 

[mikenovo]

I have never heard of the YFI coin. When did that happen?

 

[De-rector]

I have never heard of the YFI coin. When did that happen?

It a DeFi token that was said to be launched by Binance and it had a speedy rise because the supply was very limited and people rushed the coin.

 

[Josemendez]

Yeah, I remember YFI coin astounded me then when I discovered how high it was compared to bitcoin. Presently, I don't know what influence btc has on it.

It doesn't affect it in anyway because they are on different network , and it has risen without consideration to Bitcoin price

 

[pedroflores30]

Currently, most cryptographies vary according to the buffer movement of bitcoin, since this currency sets the tone of the market.

 

[Niftyicon]

Currently, most cryptographies vary according to the buffer movement of bitcoin, since this currency sets the tone of the market.

That is also my conclusion from the observations i have made. It is quite obvious that bitcoin is setting the pace in the markets.

 

[GoldenLady]

Bitcoin will definitely set the pace and tone for other cryptocurrencies.

It's the first, the most widely accepted and the most expensive. That's all.


And all other cryptocurrencies are just based on the principles Bitcoin operates on.

 

[De-rector]

If most of us are very updated with Crypto currency market, you will notice that when Bitcoin drops some coin will rising like 200% or more , Cardano and chainlink exhibited this last yes.r

 

[Josemendez]

If most of us are very updated with Crypto currency market, you will notice that when Bitcoin drops some coin will rising like 200% or more , Cardano and chainlink exhibited this last yes.r

Well , I too believe in this and this is while I want to invest on these coins ,because they have shown that they will do well this year.

 

[De-rector]

Well , I too believe in this and this is while I want to invest on these coins ,because they have shown that they will do well this year.

The risk is worth taking, the reason why I also pick Interest in stellar is that it is amongst the first top 10, most powerful coin in the Crypto currency market and it amongst the two coins that has not reached $1 by value.