đ Altcoins are on fire! đ„ After the Fed decided to lower rates, altcoins (excluding BTC & ETH) surged by 5.7%, while Bitcoin only managed a 4.4% rise.
Experts say this isn't surprising due to altcoins' higher beta and poorer liquidity. Think of them as the tech stocks of the crypto world! đ
Bob Wallden from Abra says altcoins act like a leveraged play on the broader market. Bohan Jiang adds that their low liquidity means they move with greater volatility.
What do you think? Are altcoins the new kings of crypto? Drop your thoughts in the comments! đŹ #DeFi #Web3 #Crypto