MessariCrypto Reveals 86% of Top Tokens Fell Over 90% Since 2021
MessariCrypto’s latest analysis highlights that one in three tokens outperformed Bitcoin during the 2020-21 bull market, totaling 187 winners. However, since the peak in November 2021, only OKB remains in positive territory, while 86% of these tokens have suffered significant declines. This suggests a shift in market dynamics that traders need to consider moving forward. For more details, check the original tweet here.
What Went Down
The broader crypto market has been displaying mixed signals, with traders closely monitoring various tokens and their performances against Bitcoin. MessariCrypto’s data indicates that of the 187 tokens that once thrived, only OKB maintains a lead over Bitcoin’s performance since the November 2021 peak. This reveals a stark contrast in market resilience among tokens, suggesting that many have not only fallen but have done so dramatically — with a median decline of 98% among the majority. This trend may foster a cautious sentiment among investors as they navigate a recovering market.
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