So far in this bull market, Bitcoin has benefited from the launch of spot ETFs and hit a record high of US$73,000 as early as March this year. However, the Altcoin market, led by Ethereum, continues to perform sluggishly, making investors continue to doubt , will there still be a copycat season?
Only 42 coins outperformed BTC this year
In this context, the on-chain data monitoring team Lookonchain also posted on social platform X yesterday (20th) that according to its statistics, only 42 cryptocurrencies have outperformed Bitcoin so far this year, among which:
- 25 of them have been listed on Binance, 20 of which were listed on Binance last year or earlier.
- Among the tokens not listed on Binance, four are exchange platform coins, such as BGB, LEO, etc.; 10 are small market capitalization coins with low trading volume.
- The largest increase was the cat meme coin POPCAT, which reached 7552%; the lowest increase was 35%, which was the exchange platform currency MX.
- The five cryptocurrencies listed on Binance this year have all achieved increases of more than 30%, especially the dog hat coin WIF, which still achieved a 234% increase after being listed on Binance.
Is this bull market going to be meme coin season?
It is worth mentioning that Lookonchain’s statistics also show that among the 42 cryptocurrencies that outperformed Bitcoin this year, 8 of the top 10 are meme coins, and Binance has already listed 4 of them. , these 8 meme coins include POPCAT, MOG, NPC, MAGA, WIF, TURBO, OSAK, and PEPE.
We know that because Ethereum ignited the DeFi craze in 2020, both liquidity and infrastructure experienced crazy growth. It was also called "DeFi Summer" at the time. In this bull market, the meme coin craze triggered by the surge in PEPE coins has also become one of the hottest topics in the cryptocurrency field. Whether it is the wealth creation effect or the rebound after the market decline, meme coins are always It occupies a place on the trading hot list and has a large increase, which has also led many investors to predict that this bull market may be the "meme season."
AI concept coins perform well
However, what Lookonchain has not yet mentioned is that in this statistical data, there are actually 7 cryptocurrencies in the AI field that account for a large proportion, including ZIG, AGI, FET, LPT, etc.
It is speculated that the reason why AI concept coins are favored may be because AI has become the focus of the technology field, and its combination with the innovative technology of blockchain has expanded people's imagination space for such projects, thus driving up its currency price. rise.
TON is a dark horse public chain
Finally, it is worth mentioning that among the top ten cryptocurrencies, only BNB and TON have surpassed Bitcoin’s gains. As the platform currency of Binance, BNB has steadily risen in the Launchpool new currency mining activities that Binance has launched many times; and TON, due to the rapid development of its ecology and its deep binding with Telegram, has become the best-performing currency at present. Strong dark horse public chain.
