Fairlead's 12-Week Relative Rotation Graph Shows Signs of Green Shoots in XRP, LINK, and ETH, DOGE Likely to Continue Underperforming BTC and May Bec
Fairlead Strategies' analysis of the 12-week relative rotation graph of top alternative cryptocurrencies (altcoins) relative to bitcoin (BTC) suggests that XRP, Chainlink's (LINK) token, and Ethereum's ether (ETH) are showing signs of improvement. Although these three coins still have lower relative strength compared to BTC, their performance is gaining momentum. This positive shift from the lagging quadrant to the improving quadrant suggests a rotational opportunity could unfold in the coming weeks, whereby capital might flow into the improving sector as investors seek exposure to resilient corners of the crypto market. However, DOGE, SOL, and BCH are in the weakening quadrant and are expected to continue underperforming BTC and may become a "laggard."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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