if I see the price development and the calculation that BTC goes up other coins also go up and vice versa. Do some coins follow the BTC price?
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Some coins are correlated with bitcoin as reported by analyst from skew and also Binance. The term “Correlation” can be defined as moving values of two or more assets in similar direction. This is because, most of famous person in crypto currency believe that Bitcoin is the front-runner and key influencer in crypto market. It’s often believed that Bitcoin is the King in the market, as a result when bitcoin price move, some altcoin follow the move. Something like following the command of the ruler.
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