Only 9 of Top 50 Altcoins Have Outperformed Bitcoin Since October Peak

Data from Glassnode reveals that only 9 out of the top 50 altcoins have outperformed Bitcoin since its peak last October. Zcash (ZEC) leads the group with returns 14.5 times higher than Bitcoin, followed by HYPE, Monero (XMR), and NEAR Protocol (NEAR). Other outperformers include Uniswap (UNI), Tron (TRX), LEO Token (LEO), and Bittensor (TAO). While 41 assets failed to beat Bitcoin, the report notes that underperformance does not necessarily equate to losses in USD terms, but highlights the significant opportunity cost of shifting capital from Bitcoin. Recent data suggests a potential shift, with over 72% of tracked altcoins outperforming Bitcoin in the past week.