As Bitcoin surges amid a flurry of spot Bitcoin ETF applications from major institutional players, several altcoins have outperformed the leading cryptocurrency throughout June.

STX experienced a staggering 72.3% gain in the last week, followed by PEPE and CFX, posting 67.8% and 43.8% increases, respectively. While ORDI, BCH, and KDA also experienced notable gains, ranging from 26.6% to 38.9% growth.

Name
Symbol
7-Day Growth (%)
30-Day Growth (%)
Pepe
PEPE
67.8
481.92
Bitcoin Cash
BCH
36.32
23.89
Conflux Network
CFX
43.84
-17.51
Neo
NEO
18.8
-14.5
Kadena
KDA
26.62
-17.7
FLOKI
FLOKI
25.03
-14.95
Stacks
STX
72.32
25.92
THORchain
RUNE
19.48
81.52
Ordinals
ORDI
38.9
-7.29

Over the past 30 days, PEPE has surged to record an impressive 481.92% gain. RUNE, STX, and BCH also had a strong showing with 81.5%, 25.9%, and 23.9% increases, respectively.

In both the 7-day and 30-day periods, PEPE and STX have outperformed Bitcoin, while other coins like CFX and KDA have shown mixed results when comparing the two periods.

Bitcoin’s 7-day and 30-day performance was 21.1% and 12.7%, respectively.

On June 21, Bitcoin dominance reached a yearly high of 50% – signaling altcoin weakness. But has since retraced slightly to 49.5% as the market rallies.

The top 50 coins (excluding stablecoins) that have not posted double digital gains over the last seven days are LEO, TON, TRX, BNB, XRP, QNT, ATOM, LINK, and XMR.

The mixed performance above suggests strong investor sentiment toward specific altcoin projects – with only PEPE, RUNE, STX, MKR, and BCH outperforming Bitcoin over the last 30 days.

Coin Rankings 30-day

The post These 5 altcoins outperformed Bitcoin over the last 30 days appeared first on CryptoSlate.

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Filed under: Bitcoin - @ June 22, 2023 10:19 am