Altcoins Underperform Bitcoin | Quick Fall to -90% in Value

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A recent analysis of 300 altcoins reveals a stark truth: many coins plummet swiftly against Bitcoin. The data highlights the performance gap, showing that most altcoins take only 10 to 20 months to decline drastically.

Shocking Statistics on Altcoin Performance

The numbers don't lie. The report outlines how different altcoins have fared against Bitcoin over the past five years.

• LUNA1, ONG, and BRISE vaporized in under 60 days.

• QTUM met its end in 17 months.

• Polygon (MATIC) lasted 23 months before crashing.

• ICP hit the wall at 24 months.

• Cardano and XRP both faced -90% decline by month 36.

• Litecoin lingered for 69 months before succumbing, while Monero had the slowest fall at 72 months.

"No altcoin has outperformed Bitcoin long-term," one analyst stated, reinforcing the argument against altcoins.

The Altcoin Debate

As users weigh in, mixed sentiments emerge. Many people argue that all altcoins resemble pyramid schemes, lacking sustainable value.

A commenter noted, "They're all useless. Yet millions of investors invest in them daily." Some assert that altcoins aim to be both investments and everyday currencies, though volatility remains a concern.

Interestingly, a few enthusiasts maintain hope for potential winners in the market. One wrote,

"Could be a day we’ll need a true transactional coin?"

Despite these views, the prevailing theme is skepticism about altcoin stability.

Key Insights

• Rapid Declines: Most altcoins reach -90% within 20 months.

• Pyramid Scheme Claims: Many criticize altcoins as unsustainable

• Hope for Transactional Coins: Some users suggest a need for stable transactional alternatives.

• Performance Average: The average altcoin decrease stands at -76% versus Bitcoin.

• Best Performer: Only one altcoin reported a decline of -43% against Bitcoin.

In summary, the overwhelming evidence suggests that Bitcoin remains the benchmark in the crypto realm. This remains a concern for altcoin investors as they face growing scrutiny in an unpredictable market.