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❕NEWS 92% of Altcoins Outperformed Bitcoin

aryan4

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Using Messari's price data, LongHash examined 69 altcoins with a reported daily transaction volume of at least $ 100 million. While 33% of these fell against the dollar, 66% experienced an increase, and more than half of the 46 altcoins that experienced this rise were worth 10% against the dollar.
Among the cryptocurrencies that experienced a price decrease, Bitcoin (BTC) experienced the hardest drop.
In other words, 92% of altcoins have outperformed Bitcoin in the past seven days.
What are your views for this interesting determination?
 

Sudipta

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This happened due to the high resistance bitcoin is facing to rush towards 42k it's current all time high, bitcoin felt yesterday by about 5k so I think bitcoin will turnaround very soon from the fall.
 

Niftyicon

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Using Messari's price data, LongHash examined 69 altcoins with a reported daily transaction volume of at least $ 100 million. While 33% of these fell against the dollar, 66% experienced an increase, and more than half of the 46 altcoins that experienced this rise were worth 10% against the dollar.
Among the cryptocurrencies that experienced a price decrease, Bitcoin (BTC) experienced the hardest drop.
In other words, 92% of altcoins have outperformed Bitcoin in the past seven days.
What are your views for this interesting determination?
Bitcoin has been on the decline in price lately, so, it wouldn't be surprising that it is being outperformed by some other Cryptocurrencies.
 

GoldenLady

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It's not surprising that altcoins are performing better than Bitcoin since it's bull run ended.

Also a lot of altcoins are now gaining attention away from Bitcoin and performing well, like Cardano.
 

Sudipta

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Yeah, bitcoin hasn't gone for a bull rush after it recorded the all time high of 42k. It's been fluctuating between 30-37k for the last couple of days.
 
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