• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

Will Bitcoin and other coins' correlation end?

deucher

Chipi Chipi Chapa Chapa
Valued Contributor
1000 Posts Club
USD
$0.0000USD
Biznotes
237
Since the inception of cryptocurrencies, all tokens have tracked the movements of Bitcoin. This phenomenon, known as correlation, is brought about by the substantial market share of Bitcoin. Is it possible that other cryptocurrencies may move independently of Bitcoin at some point in the future?
 

Riberet19

Moderator
5000+ Posts Club
Well, Bitcoin's dominance is getting smaller and smaller and the total money is more distributed among all existing cryptocurrencies, because Bitcoin is no longer as much the center of attention as before, although it is still dominant, the less dominance Bitcoin has, the less correlation there will be.
 
Back
Top