Which altcoins follow Bitcoin

Sometimes you see Bitcoin drop when the altcoins rise. This is caused by investors pulling their money out of Bitcoin and rushing into rising altcoins . This wave can go back and forth over a short period of time.

Because Bitcoin remains the principal cryptocurrency, other major altcoins such as Litecoin do tend to follow its price trends . Litecoin’s creator, as well as other adherents, have referred to Litecoin as the silver to Bitcoin’s gold.