These 4 Altcoins Are Outperforming Bitcoin!

Cryptocurrency enthusiasts around the world are eagerly awaiting the arrival of Altcoin Season. However, they have been disappointed due to the ongoing delays. Looking at recent trends, we see that most altcoins have struggled to perform better than Bitcoin lately. Therefore, this wait will likely continue. However, crypto analyst Aaryamann Shrivastava states that 4 altcoins are outshining Bitcoin with their performance.

These 4 tokens have managed to beat Bitcoin!

The delay of the Altcoin Season is directly related to the increasing dominance of Bitcoin. Currently, Bitcoin's dominance is at 57.03%. However, just a week ago, it peaked at 57.73%. This increasing market share has limited the performance of many altcoins, delaying the expected change. During this process, Bitcoin's dominance over altcoin projects has almost confirmed the symmetrical triangle formation that formed four months ago. The formation was confirmed at the end of July. Additionally, dominance has consistently increased since the breakout. The symmetrical triangle set a target of 57.90% after the breakout. However, dominance reversed after reaching 57.73% and remained just below the target.

Bitcoin Dominance. Source: TradingView This increase in Bitcoin dominance has significantly affected altcoins, leading to declines. Consequently, this has hindered their growth over the last 90 days. During this period, only four major altcoins achieved significant gains, outperforming Bitcoin. In this context, these tokens managed to achieve positive returns on the 90-day chart. These tokens are Kaspa (KAS), Aave (AAVE), Monero (XMR), and Ripple (XRP), which recorded growths of 36%, 20%, 10%, and 8% respectively. These gains are not very large. However, they indicate that there is ongoing demand and optimism among investors for certain altcoins.

Performance of the Top 50 Crypto Assets. Source: BlockchainCenter### Is the Altcoin season far away?

According to the Altcoin Season Index, the potential emergence of the long-awaited growth of altcoins will be further delayed. The reason for this is that, considering the recent rise in BTC's dominance, the market is currently focusing on the Bitcoin season.

Altcoin Season Index. Source: BlockchainCenter It is difficult to determine exactly when crypto enthusiasts will see their gains. However, it is clear that it will not be this month. If market conditions improve towards the end of the third quarter in September, investors may finally witness the start of an altcoin season. Stay updated by following Kriptokoin.com.

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