30 days ago BTC price was below $27K and now it has rallied to around $37K currently. Many altcoins have also seen impressive gains. I thought it would be interesting to look at which altcoins have lagged the most in the recent rally. The table below has altcoins whose value has dropped 10% or more vs BTC in the past 30 days. I have limited the data to coins that are currently above $150 million market cap and excluded stablecoins.
What good is this data? You decide. Could be a red flag that they will also lag in the next bull cycle or an opportunity if you believe a certain coin will pump because they have been undervalued by the market. Could also be nothing. Data came from Messari earlier today.
https://preview.redd.it/ufq8xtwujszb1.png?width=764&format=png&auto=webp&s=7e3c3f5503095c788ae3b7f2bdbaf066b586b478
Thanks for putting that list together!
I bought a small amount of OMI in 2021 in the midst of the NFT hype, thinking it had a fair amount of potential given the brands that Ecomi had on board. That coin looks absolutely dead and the only reason I am still holding is that I am 90% down and I may as well just let it ride all the way.
Interesting, thank you
Good stuff coming with radix
LTC under 100 is juicy
Just my two cents, but I think these are all lagging for a reason. They’re all either old coins or just lack interest or development. I personally wouldn’t be betting on a lot of these. I would be waiting for pull backs of coins that recently had big runs. We just had the first glance of what a future bull could look like, and people have have showed their hands on what coins they want for the future. Bet on those instead.
Good old Monero the stable coin.
You could probably throw a dart at any asset in the top 100 right now and be called a genius when it inevitably pumps (assuming bull continues). Exiting holds the real challenge.
is there a chance for btc at around 25k – 27k? 🤔
Why order them by market cap instead of the 30d BTC metric?
Also, not a single good project here except for Monero. But Monero is a horrible investment.
Many of these are dead coins on a quick review. Only the top 3 have some semblance of value.