Looking at the YTD chart of top 10 alts, I found out that all of them have outperformed bitcoin.
Eth, Binance, Dot, Ada are providing the blockchain entrepreneurial infrastructure for projects to create Dapps (Decentralized applications) and DAO's (Decentralized autonomous organizations), allowing new decentralized solutions as DeFi, and NFT’s.
Fundamentally backed by blockchain technology, a new era of startups promises to disrupt and take market share in many industries, will it achieve it? We don't know, but right now the hype cycle has kicked in and the risk of missing out (ROMO) is higher than investing in crypto. So you’re still not late to buy some alts. This might be one of the biggest alt seasons of all times.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.