Could the big gains lie away from bitcoin in the crypto recovery?

Bitcoin cash, ripple and ether have enjoyed a bullish two months, with crypto traders expected to look beyond just bitcoin when seeking to take advantage of the recent crypto recovery.

The cryptocurrency space has been the big outperformer over the course of the past two months, with bitcoin (96%) and bitcoin cash (158%) leading the way over that period.

Bitcoin is typically seen as the safest of the major cryptos, with the price of this giant unsurprisingly rising, gaining traction ahead of many others. Much like a bluechip stock, bitcoin also lost less ground than most over the course of this protracted sell-off.

However, while we have seen this impressive recovery for bitcoin, there will be many who see this as the starting gun for a wider recovery in the cryptocurrency space. Just as we have seen bitcoin lose less ground than many of its peers, the upside could also be dwarfed by some of the smaller, more risky coins. Using the prior highs as a proxy for potential future gains, we can see that there is a substantial amount to be gained if we saw the market fully take hold in the manner seen at the end of 2017.

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Source: Could the big gains lie away from bitcoin in the crypto recovery? | IG AU