Data analysis by analyst Miles Deutscher revealed that only 12 cryptocurrencies out of the top 100 by market capitalization showed positive returns over the last 90 days.
Top Performers
Leading the gains is BERA, which surged by 579.63%. Following it are TRUMP with an 85.61% increase and BGB with a 72.68% rise. Other top-performing tokens include DEXE, IP, GT, OM, PAXG, XMR, XAUt, HYPE, and LEO.
Significant Losses
Meanwhile, major cryptocurrencies suffered significant losses. Chainlink (LINK) led the declines with a 40% drop, followed by Sui (SUI) with -39.48% and JTO with -38.83%. Even Bitcoin (BTC) fell by 13.47%, Binance Coin (BNB) dropped by 19.25%, and Cardano (ADA) lost 30.71%.
Analyst's View
Miles Deutscher noted that it has become increasingly difficult to pick winning assets in the current market. Unlike previous bull cycles, where long-term investors were generally rewarded, the market is now described as 'rotational,' with capital rapidly moving between different sectors and assets.
The data indicates that investments in cryptocurrencies remain risky and demand a careful approach. Investors should be ready for rapid trend changes.
