It’s no secret that as a whole Alts as of yet really never got an “Alt Season” on the most recent Bitcoin run-up. Of course there are some exceptions but this post is dedicated to the top Alts (largely from 2021) that are continuing their slow bleed against Bitcoin with no indication of letting up. In this list we’ll go through the top 65 projects by marketcap to see which are at ATLs against Bitcoin.
An Alt to BTC Chart shows the value of an Alt against Bitcoin. It tells the viewer how much you made or lost by investing in these alts compared to investing in Bitcoin over a given period of time. The charts featured are at All Time Lows Against BTC. Meaning if you bought the ATL your investment is at the worst time ever compared to buying Bitcoin over that same time period. In spite of being at an All Time Low against Bitcoin it is still possible “in profit” on an alt trade on this chart.
Lets Start!
First up Polkadot: Ignoring the early October post ATH Flashcrash, Dot is at the lowest it’s ever been against BTC:
Next up is Uniswap – You’d think being one of the most popular DEXs of all time. Uniswap might be able to stand up, but in spite of that and maybe partially due to the rise of perp DEXs Uniswap is still bleeding. Again ignoring the early October flash crash, Uni is at an ATL.
Near Protocol
Aptos
WorldCoin: You remember that project where you can scan your eyeballs to get crypto… Ya that project isn’t going well
Arbitrum – Being a fan of Arbitrum, I wish this chart didn’t exist
Algorand: After fighting to stay above it’s BTC ATL for the past year… It’s back below it.
Atom: Unfortunately for Atom holders it keeps getting worse
Flare – If you don’t know what Flare is you’re probably not alone. The All time chart looks the same as the charts above with a bleed to zero
Filecoin: ya the All Time Chart is straight down – So we’ll do the 1 year chart for a better visual.
Honorable Mention:
Avalanche: Not quite at it’s bottom but it’s at the closest it’s ever been since a few months after launch.
Notice anything regarding Trends about which projects are “doing the worst” – It’s mostly competing L1s.
Disclaimer: This post is not an attack of any project on this list.
submitted by /u/GabeSter [link] [comments]
r/CryptoCurrencyRead More
You might also be interested in reading Binance’s CZ Tells Investors ‘Ignore Fud. Keep Building!’ as the Community Warns of Red Flags.