Welcome to this week’s analysis on which altcoins are performing well and which ones are not. You can view the list here:
Product Update
Based on user feedback, we added a field called “Primary Category” so you can now filter by what type of coin it is such as Layer 1, Meme, etc.
Large Caps
On a long term timeframe, Solana is the top performing large cap and is outperforming Bitcoin in the last 365 days by 168%.
For large caps, here’s the ones that stand out on a long term timeframe:
- Toncoin
- BNB
Toncoin is outperforming BTC in the last 365 days by 22% and is down 40% from its high. Its Sharpe Ratio is 1.05 which means it has fairly decent risk-adjusted returns. BNB is down 18% from its high and is outperforming BTC in the last 365 days by 32%. Its Sharpe Ratio is 1.67 which means it has excellent risk-adjusted returns.
Here’s the ones that stand out on a short term timeframe:
- Dogecoin
It is outperforming Bitcoin and Solana in the last 30 days and in the last 90 days by 10-20%.
Model Portfolio Update
We made a good decision so far swapping out the underperforming Large Caps in favor of Solana. We are already up nearly 7% since making that change. Even with the recent correction on Bitcoin, most of the portfolio is holding up well and majority are still in profits. For the ones not in profits, we have to give these more time. Once Bitcoin breaks above its all-time high, I expect altcoins to surge significantly which is possible in the coming weeks.
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Not financial advice. Please consult a financial advisor before making any investment decisions.