BTC, LTC, FIL, FTT, MIOTA

189
SHARES
1.5k
VIEWS
ADVERTISEMENT


Bitcoin (BTC) is struggling to stay above $ 50,500, but that hasn’t stopped altcoins from following in Ether (ETH) ‘s footsteps after the senior altcoin hit $ 4,000 on September 3. This has driven Ether’s market dominance to over 20%, while Bitcoin’s dominance has shrunk to 41.1%.

Bitcoin’s hesitation in recent days, however, hasn’t changed the outlook for senior commodities strategist Mike McGlone at Bloomberg, who has maintained a target of $ 100,000 for bitcoin and $ 5,000 for ether.

Daily view of crypto market data. Source: Coin360

Aside from the top two cryptocurrencies, the non-fungible token (NFT) sector has been attracting investor attention since July. Cointelegraph official Jordan Finneseth recently suggested that the recent drop in transaction volume and a few other reasons could signal a capital rotation from NFTs into the decentralized financial sector.

Let’s look at the charts of the top 5 cryptocurrencies that can outperform each other in the short term.