Swan's analysis confirms Bitcoin dominance while altcoins face sharp declines
A recent comprehensive study conducted by Swan, a financial services company focused on Bitcoin, revealed that most alternative digital currencies suffer significant losses against Bitcoin (BTC) over time, reinforcing Bitcoin's position as a primary asset for preserving value in the long term. The analysis tracked the performance of the top 300 alternative digital currencies over five years, focusing on how quickly these digital currencies lost 90% of their value compared to Bitcoin after reaching their all-time highs.
Key findings show that the average value of alternative currencies experienced a decline of 90% against Bitcoin within just 10 to 20 months. Some alternative currencies, such as Terra (LUNA1), Ontology Gas (ONG), and Bitgert (BRISE), saw this sharp decline in less than two months. More established alternative currencies, such as Cardano (ADA) and XRP, took about 36 months to reach similar losses, while Monero (XMR) experienced a 'slow suffering', taking up to six years to decrease in value by 90% compared to Bitcoin.