Diminishing returns: Is Bitcoin underperforming in comparison with altcoins?

The primary half of 2021 within the crypto markets introduced many comparisons to 2017. (BTC) was on a tear to its all-time excessive, the brand new frontier of decentralized finance emerged, and nonfungible tokens have been gaining myriad celeb endorsements.

However after the preliminary months of euphoria and a subsequent sell-off, BTC’s efficiency has been way more lackluster. The current market sell-off ensuing from the Evergrande disaster has compounded fears. Nevertheless, it could’t be ignored that many altcoins, notably platform tokens, have undergone spectacular runs and, in some circumstances, even bucked broader market traits.