I picked a few handful of the most popular large-cap tokens to compare them against one another and analyze each token's performance over time, both over a five-year horizon and in Year-To-Date in 2020. Below is what I found:
Long Term (2016-Present).
As you can see in the 5Y chart below, Bitcoin has been far from the best performer, in 2017 its "measly" 3700% return was dwarfed by large-cap altcoins such as Ethereum, Litecoin, and XRP. However, Monero and Chainlink, also pictured below, only started trading shortly before in 2017, disallowing much time for meaningful adoption or trading inflows to provide tangible data until 2019.
What does it tell us?
1) Bitcoin moves first in bull markets, but alts are not far behind.
2. Large-cap alts outperform BTC in bull markets.
3. Alts underperform BTC in bear markets.
4. Bitcoin volatility is diminishing over time.
5. Chainlink had a significant divergence in late 2019-mid 2020, outperforming BTC and large-cap alts by as much as 6x, though is now reverting back to the mean.
6. Despite consistent media coverage, XRP continues to underperform over the long-term vs most cryptos, indicating a possible shift of following from XRP to other large-cap alts (Ethereum, Link?) with more promising applications.
7. Monero has low long-term volatility, maintaining relatively stable prices and, as such, functioning as more of a store of value than other cryptos by a wide margin.
Year to Date (YTD).
What does it tell us?
1) Bitcoin is the benchmark and roughly median indicator.
2) Litecoin still tracks Bitcoin well, but is underperforming BTC vs 2017.
3) Ethereum is the fastest horse, and benefits the most from Bitcoin rallies.
4) Chainlink remains diverged, is correcting while most other cryptos rally.
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