This is not the first time it has happened in the market, the movement of altcoins is largely dependent on the movement of bitcoin, especially when bitcoin falls almost all altcoins also fall. Reverse wave altcoins are likely to be temporarily hype by sharks or they have a significant event in progress.
I remember Shiba also was outperformed recently, when getting listed on Robinhood while we saw a red market but that hype didn't last after a 20% increase, Shiba fell shortly after.
Topic: Bitcoin was outperformed by Alternative coins on Tuesday! - page 2. (Read 222 times)
I don't know why you compare only 24 hours and not 24 minutes or 24 seconds. Surely you also find shitcoins that outperform Bitcoin in those time frames.
Are you going to put money out of your pocket to guess which shitcoin is going to perform better than Bitcoin in the next 24 hours? I hope you will share all your purchases and results with the community.
Are you going to put money out of your pocket to guess which shitcoin is going to perform better than Bitcoin in the next 24 hours? I hope you will share all your purchases and results with the community.
And this is definitely not the first time that it happened.
It used to be XRP. Back then it was all to do with how isolated their traders/community was from btc. You're taking probably a similar amount of risk investing in those coins though and likely a deminished reward (and then there's the point where they start correlating to bitcoin again which you'll have to guess in advance so you don't lose funds before moving to your next community - otherwise you'll just be potentially losing small amounts of funds each time).
There is no risk in this. While the overall crypto market sentiment is somehow dictated by Bitcoin's movements, there will be cases of selected altcoins that would somehow move in a different direction. This must be due to the specific altcoin's activities. There might be a new significant project update, a product release or development, a new partnership sealed, a big investor, and other reasons. And this is definitely not the first time that it happened. But generalizing that the specific altcoin has generally outperformed Bitcoin is definitely wrong.
Recently, the cryptocurrency market is on fire as the candle is burning down and coins like bitcoin at its brink; traders should expect a catastrophe or success at the end of the tunnel. However, altcoins like Matic did numbers more than bitcoin in the last few days. It rallied to 19% in the last 24 hours while bitcoin did a little and increased by 4%.
Those this actually pose a great risk for short-term traders?
Is it the first time that alt-coins like Shiba, Matic etc outperformed bitcoin?
Cryptocurrency keeps getting interesting every moment.
Those this actually pose a great risk for short-term traders?
Is it the first time that alt-coins like Shiba, Matic etc outperformed bitcoin?
Cryptocurrency keeps getting interesting every moment.
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