Definition
The L1 Native Token Returns vs. BTC highlight the relative price performance of large L1 native tokens versus bitcoin.
Quick Take
- CryptoSlate analyzed that ETH/BTC broke down to its lowest price level in the past three months and continues to underperform against BTC.
- Over the last fourteen days, layer-one tokens have outperformed BTC as a cohort, but Ethereum remains the worst performer.
- Atom has outperformed BTC by 9.7%
- Matic has outperformed BTC by 14.98%
- SOL has outperformed BTC by 3.3%
- DOT has outperformed BTC by 0.9%
- BNB has underperformed against BTC by -0.9%.
- ETH has underperformed against BTC by -4.45%.
The post Ethereum continues to underperform while majority of L1s outperform BTC appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/ethereum-continues-to-underperform-while-majority-of-l1s-outperform-btc/