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Moon7
@moon7
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.
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Moon7
@moon7
❓What all this implies The faster and more technologically advanced the cryptocurrency market becomes, the more complex it becomes. This means that bitcoin will eventually have less influence on altcoins. We may even see patterns similar to the precious metals market. In cryptocurrencies, diversification across coins is very important. This is risk mitigation. Include different coins in your portfolio so that it doesn't depend only on bitcoin 😉
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Jaurjii 🎩⛓️🍿🐹🍖
@gyaurgiev-fren3
We are waiting for growth from altcoins 1420 $Degen
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