The article examines the performance of the top 150 tokens in the cryptocurrency market compared to Bitcoin from 2019 to the present. It reveals that beating Bitcoin has become more difficult in recent years, with only 10-20% of tokens outperforming it over a 365-day period. The average market cap rank of tokens that beat Bitcoin has also increased. The data suggests that capturing winners in the cryptocurrency market requires skill and that diversification is underappreciated by investors. Smaller projects still hold potential, but investing in the crypto market is not easy.
- Content Editor ( coindesk.com )
- 2024-11-13
Beating Bitcoin