Falling returns: is bitcoin underperforming against altcoins?
The first half of 2021 in the crypto markets brought many comparisons to 2017. (BTC) was at an all-time high, the new frontier of decentralized finance emerged, and non-fungible tokens were gaining a myriad of celebrity support.
But after the first months of euphoria and a massive sell-off that followed, BTC’s performance was much duller. The recent market liquidation resulting from the Evergrande crisis heightened fears. However, it cannot be ignored that many altcoins, especially platform tokens, have undergone impressive runs and in some cases even withstood broader market trends.
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