An analysis of $ETH beta

Specifically, the ETH beta in the top 100

Sorted by float.

Best performers: $LDO , $ENA , $PEPE , #UNIUSDT.P , #arb解锁

Of these, $LDO, $PEPE, $UNI all have high floats with little upcoming unlocks.

According to Coingecko, ETH itself is up 16.8% in the past 24h which means the average ETH beta has underperformed ETH itself however (11.09% in 24h change).

It's a high risk play betting on $ETH betas when $ETH is the one with an upcoming ETF and institutional bid.

But can definitely be worthwhile if you bet on the right horse.

#altcoins #BTC☀