We are in the midst of a mini altseason, at the very least

Over the last week most altcoins have significantly outperformed bitcoin, but hopefully that wasn't IT for our altseason...

Bitcoin gained roughly 1.3% over the last week, which is decent considering if bitcoin did that each week it would be equal to more than 60% in gains over the course of a year.

However, compared to most other coins, it was pretty poor performance...

In fact, there were several coins that outperformed bitcoin this past week by 20x and 30x.

Check it out:

(Source:

The above chart is a list of top performers over the last week.

As you can see there are several coins that returned more then 20% and 30% on the week with a couple even returning close to 50% on the week...

Hopefully this altseason is just starting out and not close to finishing...

In a week that saw many coins return double digits, HIVE barely struggled to see 10% gains off of it's lowest levels in months.

That is not an encouraging sign for the time being as HIVE is lagging many of the other popular altcoins out there.

There is nothing more frustrating for an altcoin investor to invest in altcoins only to see an altseason finally show up only to find out his coins are not included.

I am not saying that is or will be the case with HIVE, but the early price action is not promising.

That being said, the majority of the coins doing well are "defi coins".

There has been a craze extending far beyond just this past week where investors have been bidding up the prices of defi coins.

Coins that offer returns more in line with traditional investments.

If this early altseason is any indication, not all coins will go up similar amounts this time around. It's possible that coins that offer the investor something in return are the ones that see the majority of love this time around.

As it relates to HIVE, investors can earn roughly 20% on their money by participating in the network, which is better than many defi coins, people just don't really know or understand that yet.

Perhaps it's time we educate them.

Stay informed my friends.

-Doc

Posted Using LeoFinance