Can altcoins escape Bitcoin’s dominance?

As crypto market experts acknowledge, there is a strong dependence of altcoins on Bitcoin, and this dependence seems to be the key driving force behind shifts taking place on various altcoin markets, such as changes in price, demand, and value and volume of transactions.

In fact, most crypto users must have realized this relationship by now, without having to be crypto experts.

Have you ever heard of the phrase: “When America sneezes, the world catches a cold”?

I think that, in this case, it could be changed to: “When Bitcoin sneezes, altcoins catch a cold”.

The reasons why Bitcoin price changes, etc. have such a dramatic impact on altcoin market figures have already been extensively discussed, and I am not going to add anything else to the discussion.

My own reflection will be on whether and how altcoins can escape Bitcoin’s hegemony and dominance, and exist independently by standing on their own feet, solely relying on their intrinsic value, instead of being affected by external factors, such as Bitcoin price fluctuations.

Altcoins: Cutting the umbilical cord with Bitcoin