According to ChainCatcher, Jamie Coutts CMT, chief crypto analyst at Real Vision, wrote on X that the best performing crypto sector last month was not Bitcoin, but privacy coins and Memecoin. Solana is the only large market in the top 10 in the past month.

The industry breadth and momentum of DeFi, dApps and infrastructure industries are still poor, but signs of cyclical lows in altcoins are emerging.