As institutional inflows into altcoins reached $622M in May 2024, traders compare these figures with biotech stock inflows during peak innovation cycles. This surge suggests that altcoins are evolving into a recognized asset class for diversified portfolios. If you zoom out and take a big picture view, though, there are a lot of reasons to be concerned about Bitcoin. For example, Bitcoin is hardly the top-performing major cryptocurrency. Yes, Bitcoin is up 30% for the year, but Ethereum (CRYPTO: ETH) is up 35% and XRP (CRYPTO: XRP) is up 45%. Right now, crypto investors appear to be displaying a clear preference for riskier altcoins. LTC is up 2,648% since April 27, 2013. That’s the earliest recorded price on CoinMarketCap, even though the crypto was originally launched in October 2011. Investing in altcoins might offer higher upside potential as blockchain adoption rises, mirroring past fintech sector expansions.
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