Since November, the market has been grinding lower, and most cryptos find themselves in 50%-plus drawdowns.
There’s no other way to put it: The altcoins have been bruised and battered.
It’s at these stages of the market cycle that we analyze the names in the shallowest drawdowns.
When everything else is down the dumps, the few names that have bucked the selling pressure, and are even pressing against new highs are likely your next leaders when the broad selling subsides.
This is exactly what we’ve done.
We’ve filtered our universe of cryptos (all coins above $500M in market cap) by their drawdown from 52-week highs as well as their respective performance from Bitcoin’s January lows and since war broke out between Ukraine and Russia.
Here’s a snippet of the top 10 strongest names by drawdown from their respective 52-week highs:
You can download the full scan below:
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