Out of the 50 altcoins, only 9 were able to outperform Bitcoin (BTC), while Zcash performed 14.5 times better.

What is this event?

Glasnod ( Glassnode ) released the comparison results on September 24, with original data published through Glassnod's official research indicating that since bitcoin peaked in October last year, only 9 altcoins out of the top 50 have performed better than bitcoin.

Zcash ( ZEC ) outperformed Bitcoin by about 14.5, the highest in this comparison, followed by Hyperliquid (HYPE), which was over 2.9, while Monero ( XMR ) and NEAR Protocol (NEAR) were at around 2.6 and 89,000, respectively.

Essential vocabulary that a new reader should know.

Altcoins are non-bitcoin digital assets, such as a distributed finance protocol (DeFi), Layer 1, Layer 2 or token for specific services. A comparison of which coin is performing better than the other usually refers to measuring returns or changes in price against bitcoin over the same time period; it does not necessarily mean that coins are more secure or fundamentally superior.

Glassnote is a collector of digital asset market data, so the research was based on data rather than personal conclusions.

Why is this important?

When the market speaks of a resurgence in digital assets, readers tend to think altcoins are stronger than all bitcoins, but this data set indicates that out of the top 50 coins, only nine actually surpassed bitcoin, counting from last year's October peak. The number 14.5 times Zcash ( ZEC ) is therefore highlighted.

Why is 9 out of 50 a good number to track the market?

In the broader context of crypto markets, Bitcoin is often used as a reference currency because it has the highest market value and liquidity. When only 9 altcoins out of the top 50 performed better than bitcoin after its peak in October last year, this meant that most returns were not spread across the market but concentrated on a small number of coins.

This surge is important to readers because it shows that the rise of altcoins did not happen all at once, some protocols may be driven by specific themes such as zero-distributed finance, infrastructure or tokens with their own operating mechanisms.

Baat, the SEC (Thailand) and local platforms

For Thai readers, viewing the price in baht through platforms such as Bitkub may provide more insight into how digital assets move on a day-to-day basis. Readers can clearly distinguish between market prices, conversions to baht and fees or trading conditions of counterparties.

In addition, the SEC (Thailand) Thailand has a role in regulating the digital asset business and consumer protection on many dimensions such as data disclosure, platform services and system risk management. This is not just about pricing news but also involves market structures that readers use to access buying and selling information.

The impact on the general reader.

A novice reader can easily understand that the market is doing better than Bitcoin, but this doesn't mean it fits all audiences because this comparison measures time from bitcoin's peak in October of last year to when Glassnote was released on September 24th.

Readers working in Thailand can sort the information out into three layers: The first layer is price and return data from the platform, the second one is protocol basics such as actual usage demands and box conditions, and the third one is regulations from regulators like the SEC (Thailand) that relate to consumer risk, service access and disclosure of digital asset markets.

What hasn't been said.

This data does not specify the current price of Zcash , Hyperliquid , Monero , NEAR Protocol , Uniswap , TRON , LEO or TAO and does not predict that bitcoin or altcoin will rise or fall in the future. The figures 14.5 times, 2.9 times,2.6 times and 2.1 times are merely a comparison of performance over the reference period.

The limitations of this data set.

The data from Glassnode uses a comparison frame since bitcoin ((BTC) peaked in October last year to the date of publication of the comparison results on September 24, so 14.5 times Zcash ( ZEC ), 2.9 times Hyperliquid (HYPE), 2.6 times Monero ( XMR ) and 2.1 times NEAR Protocol 0 (NEAR) are outputs within that timeframe, not permanent values for coins.

The top 50 dollar sample also depends on the order of sources at a given time. Uniswap (UNI), TRON (TRX), LEO and TAO are placed in groups that perform better than Bitcoin, which does not mean that other coins are weak over the long term but means they do not outperform Bitcoin by this data set's definition.