Posted 4/15/2024, 3:03:00 AM
Altcoins Struggle While Bitcoin Dominance Rises in 2022 Market
- Only 6 altcoins in top 50 by market cap have outperformed Bitcoin so far in 2022; Dogecoin is top performer with 77% gains
- Bitcoin dominance reached 3-year high of 56.5% on April 13 amid altcoin selloff
- Aptos and Uniswap among top tokens seeing biggest weekly declines of 35% and 31%
- Bitcoin appears headed for 4th weekly decline; expected to gradually climb towards $80K
- Solana memecoins come with risks that investors should beware of before aping in
