.thedefivillain indicated coins that outperformed ZK, metaverse, AI, LSD narratives in 2023
Surprisingly, the simplest combination of the largest cryptocurrencies would bring profit on all time frames — from 24 hours to 90 days. All narratives have only come into the"green zone" in the last seven days.
In the two- or three-month perspective, all narratives registered painful double-digit losses. The ecosystems of Arbitrum , Optimism and Fantom , together with"new coins" — tokens like CANTO, BLUR and SUI — are the worst sufferers as they almost lose 50% of their capitalization metrics. The Bitcoin and Ethereum basket would have brought its owner 3.6% in returns should he or she leave it untouched for the last 90 days.However, some of the worst performers in this ranking are also leading the recovery processes. For instance, in the last seven days, when crypto markets started surging again, the Optimism ecosystem as well as DeFi coins somehow related to Bitcoin managed to register double-digit upsurges.
Meanwhile, some segments, including Solana coins, Cosmos coins and native assets of blue-chip DeFis, are lagging behind the recovery of markets.As covered by U.Today previously, cryptocurrency markets started surging amid announcements of ETF filings made by the largest assets management firms. In recent days, BlackRock, Fidelity and Invesco have followed this trend.
Right now, Bitcoin is trying to stay above the crucial $30,000 level on major spot trading platforms.
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