3 Altcoins That Outperformed Bitcoin’S Sunday Surge

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By CNBCTV18.com May 29, 2023 2:27:13 PM IST (Published)

Although much of the attention has been focused on Bitcoin’s Sunday surge, other altcoins have eclipsed the market leader. The likes of Injective, Floki Inu, and Mask Network boasted double-digit returns during the day, comfortably beating Bitcoin’s daily gain of 4.62 percent. 

Bit­coin stunned the mar­ket on Sun­day with a small gain that pushed its price clos­er to the cov­et­ed $30,000 thresh­old. Bit­coin surged by 4.62 per­cent on the day to $28,000, its high­est dai­ly rise in over a month and a half. These gains occurred dur­ing some notable devel­op­ments per­ceived as pos­i­tive for the indus­try, name­ly the Unit­ed States’ ten­ta­tive debt ceil­ing deal and the release of China’s Web3 whitepaper. 

Mean­while, alt­coins also enjoyed a risk on-mar­ket and some even out­per­formed Bit­coin in terms of per­cent­age gains. Con­tin­ue read­ing to learn more. 

Injec­tive (INJ)

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