$DOGE is at $0.06916, -2.85% today, $47M in quote volume.
$ADA is at $0.1747, -3.05%, $14M in volume.
Both sit in the middle of the pack on the daily move, and both are exactly the kind of name that quietly stops working as a diversifier in a broad drawdown.
Here is the comparison that matters. $DOGE against $BTC over the day: -2.85% versus -2.19%, so 0.66 points worse. $ADA against $BTC : -3.05% versus -2.19%, so 0.86 points worse.
Now $BTC against ETH: 3.54 points worse for ETH.
The ladder is clear. Bitcoin absorbs the least damage, majors sit in the middle, and the higher-beta names take the most. That is what beta does in a liquidation, and it is why "diversifying into more alts" is not diversification in this regime.
If you want to reduce exposure to a red tape, reducing beta is usually more reliable than adding more names. #DOGE #ADA #Altcoins
Process notes from my own research. Not financial advice.
$ADA is at $0.1747, -3.05%, $14M in volume.
Both sit in the middle of the pack on the daily move, and both are exactly the kind of name that quietly stops working as a diversifier in a broad drawdown.
Here is the comparison that matters. $DOGE against $BTC over the day: -2.85% versus -2.19%, so 0.66 points worse. $ADA against $BTC : -3.05% versus -2.19%, so 0.86 points worse.
Now $BTC against ETH: 3.54 points worse for ETH.
The ladder is clear. Bitcoin absorbs the least damage, majors sit in the middle, and the higher-beta names take the most. That is what beta does in a liquidation, and it is why "diversifying into more alts" is not diversification in this regime.
If you want to reduce exposure to a red tape, reducing beta is usually more reliable than adding more names. #DOGE #ADA #Altcoins
Process notes from my own research. Not financial advice.