Cryptocurrencies
When You Come to a Fork in the Crypto, Take It! Fundstrat Says
- Tokens that are set to split have outperformed since January
- Thomas Lee says alt-coins are poised for late-summer rally
Bitcoin: What’s Coming in the Year Ahead
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Sometimes to build something up, you need to tear it apart first, and the cryptocurrency market seems to be no exception.
Most digital coins have trailed Bitcoin since early January, but there’s one outlier, according to Fundstrat Global Advisors: tokens that are set to split in two, or fork, and cryptos planning airdrops, or free token distributions. This group has outperformed the top cryptocurrency by 5 percent since the start of the year, when alt-coin prices peaked.