한국어      
search
Log In
Welcome to AQOOM Q&A platform community where we share knowledge of blockchain and cryptocurrency related topics. Token compensation is given to users who generate high-quality content and participate in discussions.

Categories

0 votes
17 views
Due to its length of time in the cryptocurrency market, Bitcoin is most popular and valued. Is it safe to assume that the subsequent coins like Ether, XRP etc are controlled by Bitcoin in the cryptomarket?
asked in Cryptocurrency 73 points

2 Answers

0 votes
At present, yes. All the other cryptocoins are tied to Bitcoin and it's basically leading on the cryptoexchanges. Plus the continued hype feeds into its value, so I'd say yes it is controlling the cryptomarket.
answered 105 points
0 votes
Yes, the market sentiment largely depends on Bitcoin right now. It is obvious from the fact that it dominates over 50% of the whole market and this is largely because of how popular Bitcoin is and is being represented as the face of Blockchain. But this will soon change depending on how much Blockchain will be utilized in the coming months or years.
answered 13 points
...