The Alts Perform Worse
Leading alternative coins, such as Ripple (XRP), Binance Coin (BNB), Cardano (ADA), and many more, have charted much more substantial losses than BTC. Ripple’s native token, for one, plummeted to a one-year low of under $0.40.
The meme coin sector is also deep in the red, losing almost 20% of its total market capitalization. Some of the poorest performers include Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Floki Inu (FLOKI), Brett (BRETT), and others.
Despite the sad grim performance, there are still some cryptocurrencies (part of the top 1000 club) that have seen their prices going up in the last 24 hours. Fasttoken (FTN) is up 3%, while Leo Token (LEO) has risen by a mere 1%.
The result of this analysis is a major reason why investors should investor most in bitcoin that could hold asset values for a long time and ignore the overhyped MemeCoins with highily volatilities which that could lost its value when the market is responding to dipping evaluations.
AltCoin investors most be weeping by now because while they hold and wanted for the coin value to upgrade, it's befalling that those who holds little amount of coins has already lost it due to the volatility while bitcoin value has also dipped but remains a vessel to hold values.