Think That all cryptocurrencies follow BTC or ETH ? You may be wrong. What do you think of the idea of crypto clusters?

in #cryptocurrency7 years ago (edited)

New research from radicle suggests that not all cryptocurrencies follow BTC or ETH but that there are clusters of coins that have splintered off into their own trends seperate from the all dominating BTC.
" Currently, it is widely believed that Bitcoin and Ethereum set the pace for the whole crypto economy. On a granular level, that assumption implies that new dApps are at the mercy of how Bitcoin and Ethereum perform, no matter: (1) the actual market of opportunity for any given decentralized application, (2) the network and experience of the startup’s executive team, and even (3) fundamental changes in the underlying technology. We don’t believe that’s actually true, and the data agrees."
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https://hackernoon.com/clustering-cryptocurrencies-with-affinity-propagation-and-the-rad-30-crypto-composite-9201f2dbadf0

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