Altcoin performance vs. Bitcoin
We have observed the strong performance of Bitcoin and its continuous rise during this period. However, altcoins have exhibited weak performance in comparison.
Since the peak of altcoins at the end of 2021 until today, these assets have not registered any notable rise. For instance, the OthersBTC chart illustrates this, representing
the value of altcoins, excluding the top 10, relative to Bitcoin, where their value today against Bitcoin equals 0.1299, which is considered the lowest level against Bitcoin.
From my perspective, altcoins have reached a bottom and are waiting for a signal to launch, as their performance in the upcoming period is expected to be stronger than that of Bitcoin.
"Altcoin performance vs. Bitcoin: Bitcoin's recent strength and steady climb have contrasted with the underwhelming performance of altcoins. Since the altcoin market peak in late 2021, these assets have failed to register substantial gains. The OthersBTC chart, which measures the value of altcoins (ex-top 10) relative to Bitcoin, demonstrates this trend, currently sitting at 0.1299 - a record low. In my view, altcoins may have bottomed out and are awaiting a catalyst for a potential surge, which could enable them to outperform Bitcoin in the forthcoming period."
