For investors living on the digital edge, bitcoin is starting to look a little old-fashioned.
Around seven of the top 20 biggest crypto assets are smart contract tokens, including ether and dot , solana and cardano .
"We expect 2023 to be the year of token price divergence," analysts at Bank of America wrote in a Feb. 24 research note.Bitcoin has long traded in tandem with tech stocks, but that cord may be fraying just as smart-contract tokens increasingly take up its crypto super-growth mantle.turned negative on Feb. 23 for the first time since early December, where a measure of 1 indicates the two assets are moving in lockstep.
James Butterfill, head of research at CoinShares, warned it was also too early to call a major divergence in crypto. Indeed, bitcoin's shadow still looms large over the sector, with its share of the total crypto market capitalization up slightly to 40%, from 38% at the start of the year.
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