Home Broker News Q2 Top Performers: Dogecoin and Ethereum Classic 

Q2 Top Performers: Dogecoin and Ethereum Classic 

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Bitcoin and Ethereum attracted much attention in Q1, however, data proves that DOGE, ETC and MATIC were the top performers of Q2.

In the beginning of 2021 Bitcoin and Ether price was closely watched by all major investors as each asset hit a new record high almost every 24-hours and traders were looking forward to seeing $100,000 BTC and $5,000 ETH. Currently, both digital coins are more than 40% down from their all-time highs and the bulls marking unthinkable price targets are nowhere to be seen.  

A few recent reports analyzed the performance of Bitcoin and altcoins during Q2 2021 and the experts found that even with the sharp May 19th market correction many assets closed the quarter in the green territory with Dogecoin (DOGE) demonstrating an incredible gain of 392%.

Ethereum Classic (ETC) and Polygon (MATIC) were the other two rising stars of Q2, with each making 297% and 227% respectively notwithstanding a nearly 39% decline in the price of Bitcoin.

Ethereum network demonstrates power

One of the most significant developments during Q2 was the Ether price new all-time high of $4,362 reached on May 11th before the big market sell-off resulted in a quarterly close at $2,240, which represents a 13.2% gain.

CoinMetrics said that Ether price “benefited from a renewed surge of retail interest which was partially driven by the rapid rise of NFTs.”

As a result of the retail rally, the number of addresses holding at least 0.1 Ether increased from 4.58 million to more than 5.20 million.

Ether’s good finish, when compared to the significant decline in Bitcoin, is also indicative of the increased attention the top-ranked altcoin is getting from institutional investors looking to diversify away from BTC.

 

 

 

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