ATOM and SOL beat BTC returns over the past 2 weeks

Jan. 4, 2023 at 12:00 am

By Monika Ghosh

Altcoins often mirror the price movements of Bitcoin (BTC), the largest cryptocurrency by market capitalization. However, Cosmos (ATOM) and Solana (SOL), over the past two weeks, managed to outperform BTC.

Cosmos is up nearly 15% compared to BTC over the past two weeks, Glassnode data indicates. On the other hand, SOL beat BTC by almost 8% over the past 14 days, despite seeing a significant dip on Dec. 29, 2022.

An analysis of the Glassnode chart indicates that Cosmos returns closely followed that of BTC until 26 Dec. The following day, ATOM returns began rising compared to BTC and experienced little volatility on its journey upwards. At the time of writing, ATOM was trading at around $10.09 — up 9.52% over the past week, while BTC is down 0.23%.

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