@turpija of course right now there is no difference at all. You can track it - just open the charts. The only things that won't alter each other is when one coin or another has some events.

For example Cardano was rising this week because they announced marketplace or something. Dogecoin can jump when someone famous post it in twitter.

Ethereum is the most chart-please-don't-look-like-bitcoin coin, and anyway it follows the lead most of the time. Only news about Proof of stake and 2.0 sometimes make it rise even if everything else fails.

Dunno how didn't you notice it.

@turpija the only difference is how big the rise. For example on 5% of bitcoin there can be 10% of ETH, but it doesn't make it different, though some people still hope to buy something and that it have the price of BTC in 2 years.

@turpija Sadly it has everything to do with triangular arbitrage (google it if you are not aware), it's simple maths, but it's recking the crypto space!

The only solution would be to have every crypto trade against a stable coin only, and remove as much liquidity out of cross-pairs as possible (BTC/ETH for example).

@turpija how is it possible? Crypto is led by Btc. Traders sell when Btc drops and buy when Btc rises. Also, the vast majority of crypto are paired to Btc and eth.

@RomanistHere when i open coinmarketcap.com all i see is red, and what i can conclude there is very little independence between coins ...
it is great thing when ETH announce their upgrade and it jumps 10% on it's own, but when daddy BTC goes up, ETH follows, and when BTC goes down ETH has no other option than to follow ...

@JamesHuckle "The only solution would be to have every crypto trade against a stable coin only, and remove as much liquidity out of cross-pairs as possible (BTC/ETH for example)."

but i'm looking at 24h volume, and combined volume of USDT, USDC and BUSD is pretty much the same as combined 24h volume for top 10 non stable coins ....
so maybe it doesn't make sense to me ...
i'll have to look into triangular arbitrage