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Bitcoin is constantly dragging altcoins behind it. For now, this will always be the case, but things may change
If you look at the precious metals market, you will notice that silver, palladium, platinum are constantly pulling for gold. Altcoins in turn keep up with bitcoin.
🥇 If we compare bitcoin to gold, it is the "flagship ship" that leads the flotillas of altcoins as the benchmark of the crypto market. And that's because bitcoin is closely related to altcoins on many factors from psychology to technology. Gold has no such connection to the precious metals market.
🗣 With the decentralized finance (DeFi) market developing strongly, some coins are becoming independent from bitcoin.
Many blockchains such as TON, TRON, Etherium, Binance Smart Chain have unfolded into large conglomerates and ecosystems. There are many such examples and bitcoin no longer influences them directly, or technologically, but only through investor sentiment. 2 replies
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