Several altcoins have outperformed the main cryptocurrency throughout June as Bitcoin rises amid a flurry of spot Bitcoin ETF applications from major institutional players.
In the previous week, Stacks (STX) experienced a spectacular 72.3% growth, followed by Pepe Coin (PEPE) and Conflux Community (CFX), which posted 67.8% and 43.8% increases, respectively. While experiencing noteworthy gains ranging from 26.6% to 38.9% growth, Kadena (KDA), Bitcoin Money (BCH), and Ordinals (ORD) also had positive developments.
PEPE has soared to report a remarkable 481.92% acquisition over the past 30 days. RUNE, STX, and BCH all performed well, increasing by 81.5%, 25.9%, and 23.9%, respectively.
PEPE and STX have outperformed Bitcoin in both the 7-day and 30-day time frames, but other currencies like CFX and KDA have had mixed results when comparing the two-time frames.
Efficiency for Bitcoin over a 7-day and 30-day period was 21.1% and 12.7%, respectively.
On June 21, Bitcoin dominance surpassed 50% annually, indicating a weak moment for altcoins. However, as the market has rallied, the retracement has subsequently barely reached 49.5%.
LEO, TONNE, TRX, BNB, XRP, QNT, ATOM, LINK, and XMR are among the top 50 cryptocurrencies (excluding stablecoins) that haven’t posted double digital positive factors during the past seven days.
Only PEPE, RUNE, STX, MKR, and BCH outperformed Bitcoin during the past 30 days, indicating strong investor sentiment towards certain altcoin projects according to the combined performance shown above.
These 5 alternative coins outperformed Bitcoin over the past 30 days was originally published on CryptoSlate.