As history suggests, almost all altcoins fail to catch up with bitcoin while it is going through its bullish run. But it does not remain that way, and they eventually catch up.
Bitcoin has outperformed all the coins in the crypto market during this bullish run. Bitcoin is trading at the outstanding price mark of seven thousand eight hundred dollars ($7,800).
Bitcoin has shown a growth of over forty-four percent (44%) while its all-time high percentage is sixty-four percent (64%) that occurred in November of 2017.
Bitcoin has increased over eighty-five percent (85%), and it’s market dominance has exceeded over ten percent (10%).
At the beginning of April bitcoin’s market dominance was near fifty percent (50%). Over the course of forty (40) to forty-five (45) days, market dominance increased over sixty percent (60%).
Ripple XRP has suffered a three percent (3%) loss while the low cap cryptocurrencies suffered a six percent decrease (6%).
Seeing the charts of May 12th, we can see some obvious changes in the coin rankings. Bitcoin Cash (BCH) price has increased and risen to the top five spots on the charts while on the other hand Bitcoin Satoshi’s Vision (BSV) price and EOS price have moved downwards.
The only coin that has matched Bitcoin’s level of price performance has been Bitcoin Cash, and the worst performing coin has been Bitcoin Satoshi’s Vision
On the charts and the worst performing coins against bitcoin were Ripple, XLM, ADA, TRX, bitcoin Satoshi’s Vision and IOTA.
These coins have not only under-performed BTC by over forty percent (40%) but they also the average return by ten percent (10%)
While Ripple (XRP), Stellar (XLM), Cardano (ADA), Tron TRX, and IOTA are the only coins that are expected to steal some lighting from Bitcoin’s thunder rally over the next thirty (30) days.