Altcoin performance vs. Bitcoin
We have observed the strong performance of Bitcoin and its continuous rise during this period. However, the performance of altcoins has been weak in comparison.
Since the peak of altcoins at the end of 2021 until today, these currencies have not achieved any notable rise. For example, here is a chart that illustrates this, which is OthersBTC, representing
the value of altcoins excluding the top 10 relative to Bitcoin, where their value today against Bitcoin is 0.1299, considered the lowest level against Bitcoin.
From my perspective, altcoins have reached a bottom and are awaiting a signal to take off, as their performance in the upcoming period is expected to be stronger than 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."
