Exchange Tokens Outperform During the Latest Crypto Rally
The latest crypto market rally has seen multiple digital asset categories surge in price, but none as much as the tokens associated with popular cryptocurrency exchanges and protocols.
While the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently up 12.1% on the week, the AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens, is up over 14%.
Exchange tokens also significantly underperformed the market over the previous 2 months, as investor sentiment dropped with falling coin prices. Thus, these tokens currently have the largest upside relative to other digital asset categories in regards to returning to previous month highs.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.