What altcoins tend to perform well when Bitcoin's price is down
Ethereum (ETH): Ethereum is the second-largest cryptocurrency by market capitalization and has a strong developer community, which has led to the creation of a wide range of decentralized applications (dApps) and smart contracts. Ethereum's price is not as closely tied to Bitcoin's price as some other altcoins, so it may perform better when Bitcoin's price is down.
Ripple (XRP): Ripple is a payments-focused cryptocurrency that has gained popularity due to its fast transaction times and low fees. Ripple has also been gaining traction with financial institutions, which could help it perform better when Bitcoin's price is down.
Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency that was created as an alternative to Bitcoin. It has a large community of supporters and has been around since 2011, which gives it a strong track record of stability. Litecoin's price is not as volatile as some other altcoins, which could make it a good investment when Bitcoin's price is down.
Cardano (ADA): Cardano is a decentralized public blockchain and cryptocurrency project that is focused on providing a more secure and scalable platform for the development of decentralized applications (dApps). Cardano's price has been relatively stable compared to other altcoins, and it has a strong development team and community behind it.
Stellar (XLM): Stellar is an open-source, decentralized blockchain network that enables cross-border payments and asset transfers. Stellar has gained popularity due to its fast transaction times and low fees, and it has a strong development team and community behind it.
It's important to note that the performance of these altcoins is not guaranteed and can be affected by a wide range of factors, including market sentiment, adoption, and regulation. It's always important to do your own research and due diligence before investing in any cryptocurrency.