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Will Bitcoin and other coins' correlation end?

deucher

Chipi Chipi Chapa Chapa
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Mar 19, 2023
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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?
 
No, never. Bitcoin guides the entire crypto market. If bitcoin gains value rest of the coins will also gain value and if bitcoin loses value rest of the coins will also lose value. I do not see this kind of co relation ending any time soon.
 
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.
 

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