Forget Bitcoin? Only a Handful of Top Cryptocurrencies Have Outperformed It So Far in 2024
Even after the latest crypto market "flash crash," Bitcoin (CRYPTO: BTC) is still up 35% for the year. While Bitcoin is now trading well below its all-time high of $73,750 set earlier this year, those 35% gains from Bitcoin are looking impressive right now given what's happening elsewhere in the crypto market.
If you analyze the top 50 cryptocurrencies tracked by CoinMarketCap, just one-third of them are now up for the year. And only a handful of those in the green are outperforming Bitcoin. So, other than Bitcoin, what should investors be buying now?
To answer that question, we first need to consider which investment strategies have not worked out as planned this year. For example, AI crypto tokens were supposed to be one of the breakout stars of the crypto market this year. But, thus far, all of them are still underperforming Bitcoin. For example, Render (CRYPTO: RNDR) is now down 4% for the year. And Artificial Superintelligence Alliance (CRYPTO: FET) -- the crypto token formerly known as Fetch.ai -- is only up 24% for the year.
Source Fool.com
