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Ethereum Market Bias Can Breakup with Bitcoin: Burniske

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Investors in the cryptocurrency market consider bitcoin as a benchmark. The world’s leading decentralized asset by market capitalization visibly determines the state of the overall crypto economy. Its price movement prompts other 1,599 active assets – called alternative cryptocurrencies (or altcoins) – to pursue in the same or an extremely opposite direction, showing extreme dependability.But according to Chris Burniske, who is partners with New York-based venture capitalist firm Placeholder, one cryptocurrency could divorce the bitcoin’s influence in a longer run.“Ethereum,” Burniske said, “is currently the only asset with an independent and large enough community to break off from Bitcoin setting the pace.

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