Cryptografis | Altcoin Decline, Bitcoin Still Grows Positively Since Early Year
Bitcoin (BTC) has become the most prominent asset, growing 12 percent since the beginning of the year, or year-to-date (YTD), despite facing various heated geopolitical situations, such as the US-China trade war and conflicts in the Middle East.
Unlike BTC, Ethereum (ETH) has experienced a significant decline of -23% during the same period. Recently, however, many large investors have been purchasing ETH.
Similar to Ether, Solana (SOL) and Dogecoin (DOGE) also have lackluster YTD performance with declines of -19% and -45%, respectively, according to TradingView on Monday (16/06).
On the other hand, the plan to build XRP Treasury by around 8 companies from various sectors, ranging from technology, energy, to pharmaceuticals, has not improved XRP's performance. Evidently, according to related data, XRP continues to decline by -6.5% during the same period.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*