Replies to post #2713 on ~All Crypto~De-Fi~Reflections~Micros~Large Cap Cry

[xZx]

FOOK is no more or less likely to track with BTC than FEG and SD tokens. we've chatted about why that is, but let's revisit it.

FEG and all SD tokens were BNB pairs, and compare the charts: BNB tracks with BTC.

so obviously the underlying asset doesn't matter. this means AVAX pairs don't have to track with BTC either.

what makes a difference? if a token is traded actively on a CEX. because then traders will hook bots to it and the bots tend to track BTC, so thus everything in the trading bot networks does the same.

and market makers use BTC price movements in altcoins.

so it's a double-edged sword.

was it nice to own SD tokens that didn't move with the rest of the market, sure.

but the reason they didn't is fegex was a backwater no one knew about.