Only 9 of Top 50 Altcoins Have Beaten Bitcoin Since Its Peak: Glassnode
- —Only 9 of the top 50 altcoins have beaten BTC since its October peak
- —Zcash delivered about 14.5x bitcoin's return over the period
- —HYPE returned 2.9x BTC, XMR 2.6x and NEAR 2.1x
- —72% of tracked altcoins outperformed BTC last week, up from 39% in August
Why it matters: The data shows altcoin bets usually lag simply holding BTC, though the recent jump in outperformers may hint at an early altseason.
Source: CryptoPotato