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RE: How Can Altcoins Become Less Dependent on Bitcoin's Performance?

in #cryptocurrency6 years ago

It is impossible because Bitcoin for crypto is like USD for fiat currencies.

Аn overwhelming majority of assets can only be exchanged for Bitcoin, they are directly dependent on the situational Bitcoin price.

The majority of Blockchain projects and alternative digital currencies are in a one-sided dependency relationship with Bitcoin. Especially smaller currencies or starting projects are exposed to the partly enormous effects of Bitcoin performance. This can be attributed to the direct trade between Bitcoin and these currencies.

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