Altcoin Returns Fall Short of Bitcoin as Only 9 Outperform

Investing in altcoins has long been touted as a way to earn higher returns than Bitcoin, but new data from Glassnode reveals that only 9 out of the top 50 largest altcoins have managed to beat BTC's performance since its peak last October.

According to the data, Zcash (ZEC) stands out as the clear winner, delivering an impressive 14.5 times more returns than Bitcoin over the period.

However, this also means that 41 of the top 50 altcoins failed to beat the largest cryptocurrency's performance, despite some having significant gains in USD terms.

The data also shows that even though altcoins have recently started performing better, with more than 72% outperforming BTC over the past week, they still have a long way to go to take meaningful market share from Bitcoin.