When considering the vast universe of cryptocurrencies, we decided to take a closer look at how many tokens within the top 150 have outperformed bitcoin over the course of a year. In certain periods during 2019 and 2020, surpassing bitcoin’s performance seemed relatively effortless, with numerous tokens exceeding it by a significant margin – sometimes even more than 1000%.
Interestingly, it was not uncommon to find tokens that outperformed bitcoin without delving too deeply into the market cap rankings. Prior to 2020, the average market cap rank of these outperforming tokens was around 30.
It is clear that the cryptocurrency market is dynamic and constantly evolving, providing opportunities for tokens to shine and exceed the performance of even the most well-known cryptocurrencies like bitcoin.
As investors continue to explore the vast landscape of digital assets, it will be intriguing to see how different tokens fare against bitcoin and other major cryptocurrencies in the future.
