Crypto Convictions: Separating the Wheat from the Chaff
Every now and then, the market gives us a golden opportunity to reassess our crypto conviction plays. The recent market dump has been one such chance, prompting a deep dive into the murky waters of crypto to identify the outliers, the true outperformers.
My yardstick for outperformance? Simple: those tokens and projects that weather the storm better than Bitcoin.
As of now, the 7-day performance metrics reveal a few shining stars—tokens that didn’t nosedive as hard as Bitcoin. Leading the pack are 💥PAXG, ICP, HNT, KAS, TON, and NOT. These are the warriors, holding their ground amid the carnage.
Further evaluation is required in the 24-hour performance. This snapshot shows which projects have not only resisted the freefall but have bounced back faster than Bitcoin. Here, we see the aforementioned tokens joined by 💥SUI, BNB, Render, JUP, SOL, and Floki. These are the phoenixes rising from the ashes, the swift recoverer's.
Now, don’t get me wrong—I’m not dishing out buy signals here. I personally believe that more downside is to come, so dollar cost averaging is the play.
Instead, I urge you to revisit your conviction holds. Use a screener like CoinMarketCap or CoinGecko. Evaluate whether the projects you’re clinging to can outshine Bitcoin. If they can’t, it might be time to reconsider if they’re worth the HODL.
In this volatile market, staying informed and adaptable is key. So, keep your eyes peeled and your portfolio sharp. Show Less
