Investing in altcoins might offer higher upside potential as
Investing in altcoins might offer higher upside potential as blockchain adoption rises, mirroring past fintech sector expansions. Altcoins experienced a dramatic surge in 2020-21 as the government issued stimulus checks to support households during the coronavirus pandemic. Those unexpected freebies were largely channeled into the crypto market, which caused frenzied trading in the altcoin market. Bitcoin's dominance rate, or its share in the total crypto market cap, collapsed to 39% from 73% in six months to May 2021. While some cryptos function as currencies, others are used to develop infrastructure. For instance, in the case of Ethereum or solana, developers are building other cryptos on top of these platform currencies, and that creates even more possibilities and cryptos. If approved, these could significantly widen access for investing in altcoins among traditional equity investors.
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