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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Here Are The Altcoins That Are Outperforming Bitcoin

Best Owie
Best Owie
2 years ago
3 mins read
Bitcoin and altcoins

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Created by industry experts and meticulously reviewed
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Bitcoin has seen some good gains in the last day which eventually saw the digital asset climb over $29,000 for the first time in nine months, albeit briefly. But despite the price gains that the digital asset has seen in this time, it is still not the best performer in the crypto market as some altcoins continue to put up impressive rallies.

ARB, CFX, And 1INCH Make A Splash

As the week draws to a close, there have been some interesting movements from both Bitcoin and altcoins in the market. However, some altcoins continue to rise above and have been mostly in the green, especially in the last two days.

The digital assets that have been able to maintain their gains during this time include Conflux (CFX), Arbitrum (ARB), and 1inch Network (1INCH). At a time when altcoins are struggling to keep up with Bitcoin’s gains, these assets continue to outperform.

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In the last 24 hours, each of these digital assets has risen over 9%, sparking major interest in them. CFX which has been on a bullish momentum for the last week saw another 11.79% gain in the one-day period, bringing its price per coin to an impressive $0.4241.

Next is 1INCH which has managed to claw its way out of obscurity and back into the spotlight. The token rose 10.16% in 24 hours to be trading at $0.5595. Its trading volume has also seen a major boost during this time as it rose over 231% to $80.9 million.

Bitcoin vs Altcoins

Altcoins see higher gains than BTC | Source: Coinmarketcap

Following behind is ARB with 9.38% gains. Now, ARB is interesting in that the coin was airdropped to users of the Arbitrum Layer 2 blockchain, and massive dumping followed shortly after, as expected. But after hitting a local low of $1.11 on Tuesday, the cryptocurrency has been on an uptrend since then. It is now trading at a price of $1.36, making it the third-highest gainer behind 1INCH.

Bitcoin Not Giving Up To Altcoins

Even though these altcoins continue to outperform Bitcoin, the pioneer cryptocurrency is not giving up easily. It has been able to maintain the $28,000 territory despite mounting pressure from bears. It is also holding consistent gains on the weekly chart, which is not the same for most altcoins.

Bitcoin price chart from TradingView.com

BTC still trading above $28,600 | Source: BTCUSD on TradingView.com

Bitcoin’s recovery is also moving the market, determining if investors remain bullish or not. Right now, as long as BTC continues to return gains and stay above its 50-day moving average, it remains on a path to re-enter a complete bull market.

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Arbitrum, Optimism, And Polygon: Which Is The Ultimate Ethereum L2?

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Bitcoin is seeing gains of 0.72% in the last 24 hours to be trading at a price of $28,682 after briefly hitting $29,140, according to data from Coinmarketcap. Its trading volume is up 13% on the day and is now sitting above $22 billion.

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from Binance, chart from TradingView.com
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Best Owie
Best Owie

Best Owie

Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality.

Read more

Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best’s publications, which are always clear and concise, enabling easy reading and understanding for all.

Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best’s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community.

Best’s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information.

Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity.

When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world’s most quiet and well-behaved Husky. Best’s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well.

As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers.

Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best’s prolific career in the media industry is a testament of how hard work and dedication pays.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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