Outperform Bitcoin? How many altcoins have to so while not dumping too hard in the Bear market? If there are any, there are very few
There is a time when majority of the altcoins will out perform Bitcoin and that phase is for a very short time and it is usually at the end of the bull cycle. We can track this through the
Altcoin Season Index.
I know altcoins that pumped so hard in the previous cycle but may not a hit a new all-time high in this current cycle. All I am saying is trade smart and avoid being a bag holder of some shitcoins that may just dump on you and may never rise again. Most of them are just seasonal.
As per my experience, most of the altcoins that were in the previous cycle may not reach all time high again and the reason for this is that retail is holding those altcoins at high prices and there is too much selling pressure and it may need a lot of volume to get to those levels. However, the good altcoins that are launched in this season (within the previous 3 to 4 years) have a greater potential of breaking their all time highs.