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.
Read moreWill altcoins follow Bitcoin?
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.
Read moreAre altcoins linked to Bitcoin?
The term “altcoin” is shorthand for “alternative coins” and simply means cryptocurrencies other than Bitcoin . After Bitcoin, the nine most popular cryptocurrencies are as follows: Ethereum. XRP.
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