Here's a concise overview of the current discounts on tokens from their local highs across various sectors:
Layer 1:
$BTC: down 5%
$ETH: down 15%
$SEI: down 42%
$SOL: down 18%
$APT: down 37%
$AVAX: down 29%
$FTM: down 25%
$INJ: down 39%
$MINA: down 40%
$NEAR: down 23%
$SUI: down 31%
$RON: down 18%
$NEON: down 63%
Modular Blockchains:
$TIA: down 48%
$DYM: down 46%
$CTSI: down 41%
$SAGA: down 35%
$ZETA: down 42%
Layer 2:
$ARB: down 40%
$OP: down 39%
$STX: down 21%
$METIS: down 41%
$IMX: down 31%
$MANTA: down 35%
$MATIC: down 33%
$MNT: down 18%
$SKL: down 16%
$STRK: down 31%
Layer 3:
$DEGEN: down 45%
AI Sector:
$OLAS: down 50%
$RNDR: down 35%
$AGI: down 52%
$TAO: down 10%
$FET: down 27%
$AI: down 41%
Games/NFTs:
General: down 32%
$PRIME: down 23%
$BLUR: down 38%
$MANA: down 26%
$AXS: down 30%
$SAND: down 26%
$RLB: down 53%
Oracles:
$PYTH: down 32%
$LINK: down 25%
Jokes:
$WIF: down 27%
$DOG: down 12%
$SHIB: down 40%
$DOGE: down 16%
$PEPE: down 36%
$MYRO: down 51%
DePin:
$AR: down 35%
$FIL: down 32%
RWA:
$ONDO: down 28%
$MPL: down 21%
Liquid Staking:
$JTO: down 30%
$LDO: down 37%
DeFi:
$PENDLE: down 2%
$ENA: down 3%
$AAVE: down 23%
$COMP: down 32%
$CRV: down 32%
$SNX: down 27%
$RUNE: down 39%
$UNI: down 45%
$JUP: down 30%
$SUSHI: down 33%
$AEVO: down 37%
$DYDX: down 34%
CEX:
$CRO: down 21%
$LEO: down 5%
$KCS: down 35%
$OKB: down 23%
Bridges:
#pIxel✈️ - $W: down 56%
$SYN: down 36%
Observations:
Layer 1 is holding relatively better than other infrastructure tokens.
Modular blockchain tokens have been hit hard.
Layer 2 shows average performance, with some outliers.
AI coins like $TAO are gaining momentum again.
Potential for modular tokens and $SEI to follow $TAO's lead soon.
Top memecoins likely to remain in a supercycle with quality projects catching up.
Certain tokens leading DeFi/RWA narratives, others lagging unless new proposals emerge.
Optimistic outlook for $SUI and $RON, promising risk-to-reward for the rest of the cycle.
Consider these insights and the specific tokens for potential investment opportunities.
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