$102,716.00
3.15%$2,332.55
20.80%$2.35
6.67%$630.83
2.40%$165.45
8.21%$0.999995
0.00%$0.204032
11.53%$0.782121
9.39%$0.258846
3.31%$2,327.66
20.32%$102,907.00
3.60%$3.93
6.03%$16.03
8.55%$2,822.94
21.42%$23.10
9.89%$0.299218
9.89%$0.00001495
11.15%$0.199808
7.47%$420.81
1.70%$24.44
12.64%$3.25
4.15%$8.76
-0.49%$0.999906
-0.01%$98.15
6.74%$4.59
8.35%$2,327.81
20.39%$301.89
3.50%$2,482.11
20.17%$0.00001323
43.68%$4.52
4.80%$0.999437
-0.05%$0.735451
18.10%$102,541.00
2.98%$0.999997
-0.10%$30.24
4.56%$6.36
22.58%$431.35
6.72%$5.66
11.43%$2.87
17.42%$53.61
3.29%$1.009
9.16%$1.051
0.01%$208.76
10.97%$19.05
10.41%$1.00
0.00%$0.10013
5.04%$5.29
9.76%$13.80
12.42%$0.103349
7.89%$21.77
1.19%$32.78
9.94%$0.765458
4.41%$4.88
7.52%$0.02927288
10.61%$0.85534
17.78%$0.253311
10.29%$4.80
10.44%$0.369251
22.20%$0.999616
-0.02%$102,582.00
3.21%$1.17
0.17%$0.232497
10.06%$2.98
8.65%$4.35
0.16%$0.587605
8.33%$0.372808
12.88%$2.83
3.89%$4.44
5.42%$0.00002067
10.65%$1.12
11.84%$0.997396
0.02%$0.964632
4.40%$0.503516
12.08%$1,742.22
8.44%$2,333.85
20.70%$11.07
2.15%$94.82
2.35%$173.43
8.07%$2,432.28
20.78%$2.01
23.33%$0.01998484
2.76%$0.852037
1.09%$1.29
16.50%$1.25
-1.19%$4.62
14.78%$0.726899
16.21%$0.075898
1.73%$0.233501
11.50%$0.646199
9.42%$102,565.00
3.32%$11.70
13.45%$2,654.98
20.93%$0.99731
-0.21%$0.774506
6.06%$0.105488
8.42%$0.0000987
17.87%$0.01513763
7.25%$1.019
19.02%$629.72
2.24%$0.998847
-0.12%$0.0183764
10.33%$2,480.75
20.26%$213.61
8.20%$0.999775
0.00%$0.864889
10.61%$182.88
7.99%$14.73
0.25%$0.01884836
15.68%$102,435.00
2.91%$3,328.11
-0.30%$0.81044
11.92%$2.79
5.19%$40.46
4.56%$0.080042
29.13%$0.323949
11.57%$3,330.28
-0.39%$101,724.00
3.58%$0.999982
-0.02%$101,787.00
2.10%$0.236148
8.62%$0.614584
1.64%$0.00000077
7.69%$22.87
17.31%$2,439.15
20.51%$2.28
6.49%$3.96
3.25%$0.715822
12.34%$0.119112
4.13%$0.426577
9.83%$41.39
4.12%$0.997841
0.03%$2,433.92
20.33%$0.608987
7.18%$0.339442
8.92%$0.684799
16.77%$3.90
12.02%$1.94
12.33%$0.999897
0.16%$0.01856348
5.27%$0.757348
10.47%$1.099
-0.43%$0.162024
12.96%$0.01026638
15.32%$0.00598214
2.74%$0.469526
12.19%$18.86
16.54%$8.14
10.99%$110.98
0.01%$0.481158
6.49%$0.203831
11.43%$0.167406
21.76%$0.671334
13.11%$102,477.00
3.17%$1.45
10.85%$2,487.87
20.79%$2,329.61
20.44%$0.997832
0.02%$2,326.84
20.30%$0.504056
5.24%$0.612114
16.45%$0.195494
4.59%$102,337.00
2.97%$2,338.30
20.84%$0.067365
2.24%$0.995198
-0.47%$2,399.53
21.37%$0.00002362
6.07%$3.90
17.99%$99,909.00
2.63%$0.999997
-0.00%$2.80
12.01%$6.37
8.05%$0.00859562
8.41%$1.78
10.18%$1.60
1.82%$0.176304
9.14%$0.095831
13.30%$0.086474
13.57%$0.04544647
9.33%$0.00000043
2.70%$2,327.77
20.34%$0.00609535
6.24%$0.637456
21.95%$0.2536
10.39%$1.086
0.03%$0.155259
-0.52%$1.54
9.45%$44.72
8.98%$0.994055
-0.80%$0.353257
20.10%$0.000001
10.76%$2,311.79
20.11%$0.395935
3.26%$0.00437733
6.07%$0.815116
16.07%$1.51
8.76%$0.376569
3.59%$0.03676025
4.20%$33.05
-0.76%$0.01883887
3.97%$0.00006598
7.96%$21.64
1.33%$0.999069
-0.25%$0.352896
14.55%$0.176305
-0.36%$0.83806
6.22%$0.999843
-0.07%$129.89
12.69%$2,472.53
20.60%$0.00333995
13.45%$0.00000162
5.86%$1.20
35.59%$0.729964
5.04%$23.11
10.12%$102,753.00
3.28%$0.998099
-0.27%$2.88
11.26%$0.99994
0.02%$2,561.34
20.68%$0.228332
13.83%$0.999975
-0.05%$0.25399
10.39%$24.43
12.60%$2,537.17
20.49%$102,240.00
3.58%$3.77
12.83%$0.523436
-4.92%$0.00340431
14.85%$1.098
-0.11%$0.03498675
7.07%$3.58
6.51%$2,335.71
20.82%$23.75
7.08%$2,506.18
20.30%$24.43
12.66%$1.00
0.03%$17.37
11.45%$0.571439
6.77%$0.282605
7.37%$0.00374709
10.73%$3,326.32
-0.95%$2,337.65
20.72%$0.267288
56.93%$0.01378836
9.37%$0.03868554
5.26%$0.785974
16.11%$2,066.06
3.34%$2.80
3.20%Reading
Bitcoin is set to be outperformed by altcoinsaltcoins, especially as banks continue to print money, according to research from crypto investment firm Pantera Capital.
In its June Blockchain Letter published Wednesday, the hedge fund said that while an altcoin bull run the size of 2017’s is unlikely to happen again, we are in the midst of a bull market cycle—and we will continue to be in one until next year.
NOW AVAILABLE: Our June #Blockchain Letter, Out-Performing Bitcoinhttps://t.co/1ifmeqfu87
— Pantera Capital (@PanteraCapital) June 24, 2020
BitcoinBitcoin is already being outperformed by the likes of EthereumEthereum and other cryptocurrencies in 2020, and that trend will continue, said the investment firm.
Currently, Bitcoin’s value is up 34% this year—but Ethereum has shot up by 88%, while 0x and Augur have increased by 98% and 97% respectively. Ripple’s XRP, still the third-largest cryptocurrency by market cap, is down 2% this year.
“During cryptocurrency bull markets, we expect assets outside of Bitcoin (alt-coins or alts) to outperform,” said the report. “As a whole, they’re higher beta assets and people tend to buy them after buying Bitcoin, which is usually their first crypto-asset purchase.”
Bitcoin’s share of the total cryptocurrency market—“Bitcoin dominance”—is currently hovering just below 65%, but it is likely to drop, said Pantera. This is because other cryptocurrencies will begin to gain more traction.
The growing interest in Bitcoin and other cryptocurrencies is a reaction from investors spooked by the excessive money printing by central banks, the report said.
“Bitcoin was created in a reaction to the previous money printing,” Pantera said. “The price of bitcoin has gone up exponentially during this 10-year period of what was at the time unprecedented money printing. What’s going on in the world today is an order of magnitude larger.”
“The tsunami of money has increased the price of cryptocurrencies generally. We have used Bitcoin as a proxy for the market because it is best known.”
Pantera added that next year, when the bull market matures, altcoins are expected to gain an even more significant market share compared to Bitcoin.
“It really is more than just Bitcoin,” Pantera concluded.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Zerebro creator Jeffy Yu, who supposedly committed suicide last weekend, has been found alive by a reporter at his mom and dad’s house. The 22-year-old dev was discovered Wednesday by the San Francisco Standard, which found him padding around in flip-flops. He was visibly shocked at being found. Yu claimed he had been “doxxed” and “harassed,” and lamented that his poor parents would now have to move house. “You can see the PTSD in my eyes, right?” he said, before telling the reporter to leave....
A slew of tech bros—including the richest man in the world, Elon Musk—have adopted Mog Coin’s crypto-famous branding, apparently leading the Ethereum and Base token to pump 51% on the week, per data from CoinGecko. Mog Coin (MOG) is a meme coin referencing the slang phrase “mogging” or “to mog,” a term that originated on controversial image board 4Chan in 2016, according to KnowYourMeme. Put simply, it means to dominate somebody or something, often via physical strength or good looks. However, t...
New York prosecutors tried and failed to solicit the Securities and Exchange Commission’s opinion on Ethereum to bolster their case against KuCoin in 2023, according to newly released SEC records acquired by Coinbase. The exchange is one of many private conversations unearthed by a Coinbase FOIA request, offering a glimpse at the behind-the-scenes politicking that has shaped U.S. authorities’ approach toward the crypto industry over the past few years. In an email dated June 2023, the New York A...
