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
You will notice that this week’s data looks a lot different from the previous weeks. We received user feedback that we should add to our screener a way to find strong outperformers that are in a good buy zone. Previously we were just finding the strong outperformers regardless if it was in a good buy zone. This new indicator we built locates a balance between a coin that is showing strong outperformance and is down from its high in the last 365 days. Testing is showing positive results but it still requires a judgement call for each user. Some may think an altcoin that is down 50% is a good buy while others think that 80% down is a good buy. It’s up to you to make that decision. We are just a publisher of information.
Here’s the definitions of the new fields we added:
Buy Zone & BTC Outperformance Long Term Rank – This factors in the “Change of Max to Current USD” field (the lower the value, the higher the rank) and the “% Change vs BTC (Last 180 Days)” field (the higher the value, the higher the rank) and “% Change vs BTC (Last 365 Days)” field (the higher the value, the higher the rank).
Buy Zone & BTC Outperformance Short Term Rank – This factors in the “Change of Max to Current USD” field (the lower the value, the higher the rank) and the “% Change vs BTC (Last 30 Days)” field (the higher the value, the higher the rank) and “% Change vs BTC (Last 90 Days)” field (the higher the value, the higher the rank).
Buy Zone & SOL Outperformance Long Term Rank – This factors in the “Change of Max to Current USD” field (the lower the value, the higher the rank) and the “% Change vs SOL (Last 180 Days)” field (the higher the value, the higher the rank) and “% Change vs SOL (Last 365 Days)” field (the higher the value, the higher the rank).
Buy Zone & SOL Outperformance Short Term Rank – This factors in the “Change of Max to Current USD” field (the lower the value, the higher the rank) and the “% Change vs SOL (Last 30 Days)” field (the higher the value, the higher the rank) and “% Change vs SOL (Last 90 Days)” field (the higher the value, the higher the rank).
Change of Max to Current USD – This identifies how much percent the current USD price is from the high in the last 365 days.
Buy Category – % Down in USD from Max – This assigns a category to the “Change of Max to Current USD” field to allow for easier filtering for a user to identify a desired “buy zone”.
Change of Min to Current USD – This identifies how much percent the current USD price is from the low in the last 365 days.
Buy Category – % Down in BTC from Max – In terms of BTC, this assigns a category to the “Change of Max to Current USD” field to allow for easier filtering for a user to identify a desired “buy zone”.
Buy Category – % Down in SOL from Max – In terms of SOL, this assigns a category to the “Change of Max to Current USD” field to allow for easier filtering for a user to identify a desired “buy zone”.
If you have any further questions or additional product feedback, please reach out to support@altcoinscreener.com. We value user feedback so we can continue to improve the product and provide more value.
Large Caps
For large caps, the ones that have the best buy zone and SOL outperformance on long term timeframe are at the top and the ones that are less favorable are at the bottom:
- Toncoin
- Cardano
- Dogecoin
- Ethereum
- XRP
- BNB
- Bitcoin
- TRON
Since we are factoring in buy zone now as well as outperformance, the list looks very different from previous weeks. Toncoin is showing as #1 for large caps because it’s down over 40% from its high and it’s been outperforming Solana in the last 180 days by 64%. Although TRON was #1 based on our previous logic last week, it ranks lower with this new indicator because it is only down 9% from its high which makes it a less favorable buy. This new logic will take getting used to but I think it will provide immense value in finding short term weakness in price but is also showing signs of outperformance.
For the best buy zone and SOL outperformance on short term timeframe, the ones toward the top are more favorable and the ones toward the bottom are less favorable:
- Cardano
- XRP
- Dogecoin
- TRON
- Ethereum
- BNB
- Bitcoin
- Toncoin
Cardano is showing as #1 on the short term timeframe because it is down 58% from its high and is outperforming Solana in the last 30 days by 18%. This combination is interesting because it shows the potential of good value with also outperformance that could continue into the longer timeframe.
Dogecoin is also an interesting one as #3 on the list because it’s down 57% from it’s high and is outperforming Solana in the last 30 days by 13%. Similar to Cardano, Dogecoin has been underperforming for awhile but this short term outperformance against Solana could be the start of something.