Altcoins that gave more performance than bitcoin, without being in altseason

2022-08-08 03:42:14 By : Ms. Sue Su

Nearly half of the top cryptocurrencies have outperformed bitcoin over the past 90 days.Composition by CriptoNoticias.Source: hanahal/adobe.stock.com;Tron, Ethereum Classic, Uniswap BItcoin / cryptologos.cc.FixedFloat allows you to exchange your cryptocurrencies quickly and safely.You choose whether fixed or variable exchange rates fit your strategy, and then our bots do the hard work of choosing the best deal for you.Are you a soccer fan?In Sorare you can collect and trade NFTs of your favorite players and build a team that competes with others from around the world, based on the actual performance of the players.Join the world's leading cryptocurrency exchange, Binance.Trade on any device from anywhere in the world.Start trading safely and at your convenience.The best online experience with ultra-fast payments and withdrawals.Incredible and frequent bonuses and promotions for players.Wide selection of high quality games and helpful and responsive support staff.While bitcoin (BTC) is going through one of the worst bear markets in its history, curiously, some cryptocurrencies have appreciated in value this season.This is the case for 5 altcoins in the last 90 days: ethereum classic (ETC), uniswap (UNI), chain (XCN), tron ​​(TRX), and quant (QNT).The rest of the altcoins in the market have seen a price drop in this period, although not in all cases as hard as BTC.According to data from BlockchainInCenter, over the past 90 days 45% of the top 50 cryptocurrencies have outperformed bitcoin, which fell 36.5%, as seen in the chart below.Such a scenario shows that we are not yet in an altseason (season of altcoins).At least 75% of the major cryptocurrencies would need to give higher returns than bitcoin for 90 days to get there.An altseason usually occurs when there are bull markets for bitcoin, like the one in 2021 when the cryptocurrency boom exploded.These moments are used by traders to make profits with strong market rallies, looking for alternatives in other cryptocurrency projects.However, it is crucial to keep in mind that just as altcoins can make bigger rallies than bitcoin, they can also have harder falls.For example, this has been what has happened to dogecoin (DOGE), leaving many of its traders in losses with a depreciation of 93% since its maximum.Therefore, it is crucial to study the projects behind these altcoins and define a risk plan to cover yourself from undesirable scenarios.This is important not only in altseasons and bull rallies, but also at times like now, where the bear market is revealing investment opportunities and greed can blind traders.There are different opinions about what the evolution of the bitcoin price will be in the short, medium and long term.