I can't seem to find a solid answer for this but looking at a chart that I have linked below, this altcoin (altcoin X) has a price that is based on BTC from an exchange that is only a crypto exchange. Now BTC is very volatile and the price fluctuates a lot in a given day. My question is based on the chart where the current price is
0.00009468 BTC. Lets say this crypto X stays at this same price for Y time and BTC's price increases drastically in Y time. Will the
0.00009468 BTC price take in the consideration that BTC has risen and lower that value of
0.00009468 BTC (for example down to
0.00006845 BTC on the Y axis) or will it stay the same where if I was to trade X for BTC and then traded to USD, I would recive the gains from BTC's rise?
Let me know if this dosen't makes sense.