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Bitcoin’s sluggish phase a blessing in disguise, altseason led by Ethereum in the cards
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Altcoins have largely been outperforming Bitcoin of late. In just the past week alone, top coins like ETH, BNB, AVAX and MATIC have fetched their investors with 10%, 16%, 17% and 22% returns respectively. Bitcoin, on the other hand, found it quite challenging to deliver 3% in the same timeframe.
Along with the not-so-high ROI and the monotonous trend on its price charts, Bitcoin has also been losing its dominance. By and large, this is not a really good sign for the king-coin.
Nevertheless, that’s not the whole picture. Bitcoin losing command in the market indicates that other altcoins have started adding value to their market-cap at a much quicker pace now.
Consider this – after 2018, Bitcoin’s dominance dunked below 50% for the first time
Read more on ambcrypto.comAbout this in other media
Sajid Javid warns new Covid variant could pose 'substantial risk to public health' manchestereveningnews.co.uk /2 years ago
Bitcoin too volatile to be adopted as legal tender, says BoE chief cointelegraph.com /2 years ago
Bitcoin tumbles nearly 8% as new coronavirus variant shakes markets business-standard.com /2 years ago
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