AltcoinPerformance
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đđ Only 6 Altcoins Outpace Bitcoin This Year! đđ„
Among the top 50 tokens by market cap, just six altcoins have managed to outshine Bitcoin so far in 2024, with Bitcoin dominance reaching a three-year high over the weekend. đđ
Leading the pack is the memecoin Dogecoin ($DOGE ), boasting year-to-date gains of over 77%. Other notable performers include fellow memecoin Shiba Inu (SHIB), Bitcoin smart contract network Stacks (STX), Binanceâs BNB, Ethereum layer-2 network Mantle (MNT), and GPU-sharing blockchain network Render (RNDR). đđ
$RNDR
Despite Bitcoin's dominance, it has seen significant growth this year, climbing from $44,100 to $65,000, marking a year-to-date gain of 54%. The surge has been fueled by consistent institutional inflows into U.S.-traded spot Bitcoin exchange-traded funds (ETFs), generating over $12 billion in cumulative net inflows. đŒđ°
While Bitcoin has bounced back from recent marketwide sell-offs triggered by geopolitical tensions, smaller altcoins have struggled to regain ground. Notably, Aptos (APT) and Uniswap (UNI) led the decline among the top tokens, posting significant losses in the last seven days. đđ
$UNI
Looking ahead, IG Market analyst Tony Sycamore predicts a gradual climb for Bitcoin, expecting it to reach around $80,000 in the coming months, provided it maintains support above key levels. Despite current negative sentiment, the outlook remains optimistic for the leading cryptocurrency. đđŒ #AltcoinPerformance #BitcoinOutlook
Among the top 50 tokens by market cap, just six altcoins have managed to outshine Bitcoin so far in 2024, with Bitcoin dominance reaching a three-year high over the weekend. đđ
Leading the pack is the memecoin Dogecoin ($DOGE ), boasting year-to-date gains of over 77%. Other notable performers include fellow memecoin Shiba Inu (SHIB), Bitcoin smart contract network Stacks (STX), Binanceâs BNB, Ethereum layer-2 network Mantle (MNT), and GPU-sharing blockchain network Render (RNDR). đđ
$RNDR
Despite Bitcoin's dominance, it has seen significant growth this year, climbing from $44,100 to $65,000, marking a year-to-date gain of 54%. The surge has been fueled by consistent institutional inflows into U.S.-traded spot Bitcoin exchange-traded funds (ETFs), generating over $12 billion in cumulative net inflows. đŒđ°
While Bitcoin has bounced back from recent marketwide sell-offs triggered by geopolitical tensions, smaller altcoins have struggled to regain ground. Notably, Aptos (APT) and Uniswap (UNI) led the decline among the top tokens, posting significant losses in the last seven days. đđ
$UNI
Looking ahead, IG Market analyst Tony Sycamore predicts a gradual climb for Bitcoin, expecting it to reach around $80,000 in the coming months, provided it maintains support above key levels. Despite current negative sentiment, the outlook remains optimistic for the leading cryptocurrency. đđŒ #AltcoinPerformance #BitcoinOutlook