⚪️Here's a brief overview of token discounts compared to local highs across various narratives:⚪️
Layer 1:
$BTC: -5%
$ETH: -15%
$SEI: -42%
$SOL: -18%
$APT: -37%
$AVAX: -29%
$FTM: -25%
$INJ: -39%
$MINA: -40%
$NEAR: -23%
$SUI: -31%
$RON: -18%
$NEON: -63%
Modular Blockchains:
$TIA: -48%
$DYM: -46%
$CTSI: -41%
$SAGA: -35%
$ZETA: -42%
Layer 2:
$ARB: -40%
$OP: -39%
$STX: -21%
$METIS: -41%
$IMX: -31%
$MANTA: -35%
$MATIC: -33%
$MNT: -18%
$SKL: -16%
$STRK: -31%
Layer 3:
$DEGEN: -45%
AI:
$OLAS: -50%
$RNDR: -35%
$AGI: -52%
$TAO: -10%
$FET: -27%
$AI: -41%
Games/NFTs:
$PRIME: -23%
$BLUR: -38%
$MANA: -26%
$AXS: -30%
$SAND: -26%
$RLB: -53%
Oracles:
$PYTH: -32%
$LINK: -25%
Meme Tokens:
$WIF: -27%
$DOG: -12%
$SHIB: -40%
$DOGE: -16%
$PEPE: -36%
$MYRO: -51%
DePIN:
$AR: -35%
$FIL: -32%
RWA:
$ONDO: -28%
$MPL: -21%
Liquid Staking:
$JTO: -30%
$LDO: -37%
DeFi:
$PENDLE: -2%
$ENA: -3%
$AAVE: -23%
$COMP: -32%
$CRV: -32%
$SNX: -27%
$RUNE: -39%
$UNI: -45%
$JUP: -30%
$SUSHI: -33%
$AEVO: -37%
$DYDX: -34%
CEX:
$CRO: -21%
$LEO: -5%
$KCS: -35%
$OKB: -23%
Bridges:
$W: -56%
$SYN: -36%
Observations:
Layer 1 tokens have held up better than other infrastructure tokens.
Modular blockchain tokens have seen significant declines.
Layer 2 tokens have had mixed performance, with a few notable exceptions.
AI tokens like $TAO are starting to gain momentum again.
Modular tokens and $SEI might follow $TAO’s trend soon.
Top meme coins seem to remain in a cycle with some high-quality projects catching up.
Some tokens are leading the DeFi/RWA narratives, while others are lagging unless new developments arise.
There’s a positive outlook for $SUI and $RON, with potential for
good risk/reward through the remainder of the cycle.
