Bitcoin 

BTC

$21,151

 is struggling to sustain above $50,500, but that has not stopped the altcoins from following in Ether's 

ETH

$1,569

 footsteps after the top-ranked altcoin hit $4,000 on Sept. 3. This has pushed Ether’s market dominance above 20%, while Bitcoin’s dominance has shrunk to 41.1%.

However, Bitcoin’s hesitation in the past few days has not altered the outlook of Bloomberg senior commodity strategist Mike McGlone, who has retained a $100,000 target on Bitcoin and $5,000 on Ether.

Apart from the top two cryptocurrencies, the nonfungible token (NFT) sector had been attracting the attention of investors since July. Cointelegraph contributor Jordan Finneseth recently suggested that the recent drop in transaction volumes and a few other reasons could be signaling a rotation of capital from NFTs to the decentralized finance (DeFi) sector.

Let’s study the charts of the top five cryptocurrencies that may outperform in the short term.