Although most alternate cryptocurrencies (or “altcoins”) have rallied over the past few months, bitcoin cash – the only fork around today that traded throughout the 2017 cryptocurrency bull market – has been left behind. Bitcoin cash only started underperforming bitcoin in May, but two months was enough time for the forked cryptocurrency to underperform bitcoin by 18 percentage points so far this year.
It’s common for altcoins to outperform bitcoin during bullish market cycles. Altcoins with low or medium market capitalizations often experience higher volatility than bitcoin, which may yield higher returns should bitcoin’s price also appreciate.