Do altcoins outperform Bitcoin? (2024)

Do altcoins outperform Bitcoin?

While Bitcoin has experienced moderate gains, certain altcoins have outperformed it over the past week," Menon added. Bitcoin's rally pushed other altcoins higher. Among the top 20 altcoins, Ethereum, Solana, Dogecoin, Cardano, Avalanche, Shina Inu and Chainlink rose 4-6 per cent each.

Is it better to invest in Bitcoin or altcoins?

Many investors look to altcoin for higher risk-reward assets while considering BTC and ETH as blue-chip cryptocurrencies. Given the high risk of altcoins, investors should consider restricting them to a mini portion of their portfolio. The reward opportunity is higher.

What crypto will outperform Bitcoin?

However, since the approvals, Ethereum has outperformed Bitcoin, which means investors are shifting their attention to altcoins. Here are the top 5 cryptocurrencies under $1 to buy right now. Smog Token has taken the crypto world by storm since its recent launch on the Solana blockchain.

Do altcoins lag behind Bitcoin?

The mania in Bitcoin continues but other altcoins are lagging behind to mount new highs or break previous records. It is a party-mode for Bitcoin investors as the largest crypto token scaled new highs in the first quarter of 2024.

Is Solana outperforming Bitcoin?

10 Years of Decentralizing the Future. Crypto markets slipped Thursday with bitcoin and ether each dropping 5%-6% before a modest rebound. Solana outperformed, benefitting from capital rotation, QCP Capital said.

Why altcoins fall when Bitcoin falls?

In the digital currency space, it's common for many coins and tokens to move in similar patterns. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.

Why altcoins go down when Bitcoin goes up?

The crypto market also tends to follow a natural cycle. When it's in a bear market – like right now – bitcoin soaks up a lot of the altcoins as investors favor bitcoin's relative price stability. Then at the start of crypto bull markets, investors tend to field their most experienced player first (i.e. bitcoin).

What coins will 100x in 2024?

Meme coins often hook traders in with the chance to win big. There are a ton of these trendy tokens out right now, but KangaMoon (KANG), Book of Meme (BOME) and Dogecoin (DOGE) all stick out as top contenders for 2024.

What are the top 3 altcoins?

What crypto will boom in 2024?

Which crypto will boom in 2024? Cryptos that could boom in 2024 include SingularityNET and Fetch.ai, both of which may capitalize on the popularity of AI. Bitcoin is another crypto that could be poised for a strong performance in 2024, thanks to the SEC's approval of Bitcoin ETFs.

Which coin does not follow Bitcoin?

Altcoins, or alternative coins, encompass all cryptocurrencies other than Bitcoin. These coins aim to address specific shortcomings in Bitcoin or introduce new features. Examples include Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many more.

Do altcoins pump after Bitcoin?

However, after Bitcoin reaches a peak or a resistance level, it may start to consolidate or retrace, and this is when altcoins may start to pump as traders take profits from Bitcoin and reinvest them into altcoins.

Is Bitcoin safer than altcoins?

Market Dominance

This means that Bitcoin is more widely accepted and more liquid than most altcoins, making it a safer investment option for many investors. However, altcoins may offer higher potential returns, as they are often smaller and less established than Bitcoin.

Will Solana ever overtake Ethereum?

Solana's ability to match or even surpass Ethereum in these critical aspects of the blockchain economy indicates a robust and scalable infrastructure capable of handling significant transaction volumes, a crucial factor for its continued adoption and growth.

What is the best altcoin to buy in 2024?

While Solana has had a spectacular run over the past 15 months, there could be even more upside potential ahead as it closes the gap with Ethereum. If the 2020 Bitcoin halving cycle is any guide, Solana could explode in value during the 2024 Bitcoin halving cycle.

Why Solana is better than BTC?

Solana is regarded as the fastest blockchain, with a transaction speed capacity of 65,000 tps. Solana transactions achieve instant finality thanks to its proof of history (PoH) feature integrated into its consensus mechanism. SOL is the fifth-largest cryptocurrency by market cap.

Why altcoins are not pumping?

Like we saw SOL moved then Ai started to move then we saw meme coins started a move and then gaming. So its a money rotation. If your coins are not pumping or going up, it's probably because it's not in these categories.

What happens to altcoins when Bitcoin halves?

A halving is different from a typical price fluctuation, because, for the first time in four years, the catalyst is Bitcoin's design itself. Altcoins (alternative coins), essentially any cryptocurrency other than Bitcoin, are set to receive a knock-on effect from the halving.

Why do altcoins usually follow Bitcoin?

Cryptocurrency values are commonly measured against the U.S. dollar, but it's also usual to compare them with Bitcoin, as it's a key component in major market pairs. This explains why the overall market often follows Bitcoin's trends, whether rising or falling.

Why are altcoins bleeding?

Altcoins Bleeding In Correction Phase: 'This Is Nothing More Than A Buy The Dip Opportunity,' Says Analyst. Following the spot Bitcoin (CRYPTO: BTC) ETF approval, altcoins witnessed a price drop but analysis by investors pointed out that this is a correction phase and “buy the dip” scenario.

Why are altcoins tanking?

Majority of the altcoins show weakness against the strength of Bitcoin. You may have seen in the past when Bitcoin moves sharp Altcoins either bleed down slowly or do nothing. This is what is happening right now people are selling their Altcoins and moving to bitcoin in anticipation of ETF approval pump on Bitcoin.

When to sell alt coins?

An Altseason can occur several times a year and they often happen within a relatively short period of time. For maximum gains it's crucial to sell your altcoins before Altseason is over. Alt's prices drop just as quickly as they rose.

What coin has the potential to 1000x?

Here's a quick overview of what coins have the potential to be the next 1000x cryptocurrencies. Dogeverse (DOGEVERSE) – Most likely crypto to 1000x with over 600,000% staking APY. Slothana (SLOTH) – New meme coin presale on Solana with a potential to 1000x on launch. 5th Scape (5SCAPE) – New VR and AR crypto ecosystem.

Which crypto can make you rich in 2025?

What is the most promising crypto in 2025?

In one survey crypto experts said that Bitcoin could hit $77,000 by the end of 2024 and $123,000 by the end of 2025. The survey respondents predicted a huge surge in Bitcoin's value between 2025-2030. There are two major factors influencing the bull market: the approval of spot ETFs and the upcoming halving event.