 | The [X] to BTC Ratio is the value of a Crypto asset against Bitcoin, it tells you how profitable that Crypto asset is against just holding BTC. If you are new you might not know that nearly every alt has bled value against BTC over time and if you're just looking for Crypto risk the best choice is almost always to just sit in spot Bitcoin. So with that context lets take a look at the top 40 Crypto Alts that have hit a brand new yearly low against Bitcoin in the last week. The first one probably won't be a surprise considering it made news for having All-Time High record shorts just a few weeks ago. Ethereum: Sitting at .02507 and previously hitting a low of .0255 ETH is currently at a brand new yearly low against Bitcoin. In fact the value of an investment in ETH 1 year ago is down 54% compared to just investing in Bitcoin. ------ Solana although it's up a bit from it's yearly low just seven days ago, Solana recently touched a new yearly low against Bitcoin. the value of an investment in Solana 1 year ago is down 20% compared to just investing in Bitcoin. ----- AVAX which just hit a new yearly low 4 days ago: the value of an investment in AVAX 1 year ago is down 63.7% compared to just investing in Bitcoin. ----- Toncoin erased it's summer 2024 gains against BTC and is now sitting at a slight loss against BTC over the last year. the value of an investment in TON 1 year ago is down 14% compared to just investing in Bitcoin. Near Protocol which just wicked below a 4 week support level to hit a brand new yearly low against BTC A value of an investment in Near is down 50.4% against just holding BTC over the last year. Don't see your alt on this list? There is a very small chance that it's like XRP which is currently sitting +179% against BTC over the last year. However it's much more likely that it's looking closer to DOT which is currently -65% against BTC over the last year but coincidentally hasn't touched a new yearly low over the last week. [link] [comments] |
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