Investors interested in the midterm performance of cryptocurrencies typically look for storylines, or the subclasses of tokens that have received widespread attention recently and are linked by a common “theme.” This is how the three-month implementation of the approach looks like in practise.
Bitcoin (BTC) and Ethereum (ETH) outperformed all trends of 2023, analyst says
According to widely held expectations for 2023, an investment portfolio consisting entirely of the two biggest and most traded cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), will do better than all other “baskets” of investments. Such estimates were made public by a cryptographic researcher using the alias @thedefivillain on Twitter.
Surprisingly, the most straightforward combination of the biggest cryptocurrencies will provide profits throughout all time frames, from 24 hours to 90 days. The “green zone” has only been reached by all tales in the past seven days.
From a two- to three-month vantage point, all tales showed excruciating double-digit losses. The most severely affected ecosystems are those of Arbitrum (ARB), Optimism (OP), and Fantom (FTM), as well as “new coins” – tokens like CANTO, BLUR, and SUI — which nearly completely lose their capitalization metrics.
If the owner had left the Bitcoin (BTC) and Ethereum (ETH) basket alone for the last 90 days, it would have generated returns of 3.6%.
Optimism (OP), BTCFi coins leading recovery
But a few of the lowest achievers in this rating are also in charge of the recovery efforts. For instance, the Optimism (OP) ecosystem and DeFi currencies, which are somehow connected to Bitcoin (BTC), were able to record double-digit increases in the previous seven days when crypto markets started soaring again.
While markets are recovering, some sectors, such as Solana (SOL) coins, Cosmos (ATOM) coins, and native assets of blue-chip DeFis, are trailing behind.
according to U.Prior to this, news of ETF registrations by the biggest assets management companies caused the cryptocurrency markets to spike. BlackRock, Fidelity, and Invesco have all recently adopted this strategy.
Currently, Bitcoin (BTC) is attempting to maintain a price above the significant $30,000 mark on the main spot trading platforms.
