The Block: Altcoins Show Strong Resilience to Bitcoin Volatility

According to a report from The Block, altcoins have performed remarkably well following the November US election, with price gains outpacing those of Bitcoin.

Key figures:

-85% of altcoins, tracked by Bitwise’s “Altseason” index, are currently outperforming Bitcoin.

-Andre Dragosch, an executive at Bitwise, highlights their growth potential, supported by strong fundamentals and promising use cases.

Why the hype?

1-Diversification: Investors are turning to Bitcoin alternatives to diversify their portfolios.

2-Mass adoption: Blockchains like Ethereum and Solana continue to attract significant capital, strengthening their market position.

To follow the evolution of the market, stay tuned!