Despite significant selling pressure on Bitcoin, the biggest crypto asset outperformed most other altcoins. Out of the top 100 altcoins, only 16 outperformed Bitcoin in that period. Among them, XRP, BERA, Monero, and Trump token stand out.
On Monday, March 10, Bitcoin’s price dropped to $81,909, reflecting an overall negative trend in the crypto market. The White House ‘crypto summit’, which was supposed to reinvigorate the markets, disappointed many traders.
As a result, Bitcoin was down 16% in the last 90 days. Yet, despite its negative performance, it managed to strengthen its dominance over altcoins. During that period, just 16 out of 100 tokens outperformed Bitcoin. Berachain, XRP, Monero, and Trump Token were among them.
Berachain (BERA) was the best-performing token during that period. It launched in February at $1 per coin and saw a 497.39% price increase. Bitget token (BGB) also rose by 70% during that period, reflecting strong revenues after the most recent bull market cycle.
Donald Trump’s memecoin also increased by 70% and is the only memecoin that has seen positive returns in the last 90 days. In comparison, Dogecoin fell by 58%, while Bonk, Wif, and Floki meme coins lost 70%-80% of their value.
Other major assets that outperformed Bitcoin were Monero and XRP. Coinmarketcap data shows the Monero price was up 15.76%, continuing a positive trend from last year. At the same time, XRP was down 4.3%, still outperforming Bitcoin.
Trump, Monero, XRP to Lead Altcoin Season?
Bitcoin’s current downturn is raising its dominance, which is consistent with historical trends. Currently, Bitcoin’s dominance is 61.2%, which means that Bitcoin makes up 61.2% of the overall crypto market cap.
Historically, Altcoin Seasons come after a period of strong Bitcoin performance. This happens because Bitcoin traders often reinvest their profits into altcoins. Currently, XRP, Monero, and Trump are in a good position to attract these investments once the Bitcoin markets pick up.
Due to the latest halving event in April 2024, Bitcoin is expected to see a major rally in 2025. When this occurs, the Altcoin Season is expected to gain momentum.
READ MORE: Top 3 Altcoins to Sell as Crypto Fear and Greed Index Crashes
