As it reads in the Gospel of Matthew: "For to the one who has, more shall be given ... and the one who has not, what remains shall be taken away" (25:29).
In less Biblical language, coins with strength continue to show strength and weak coins become even weaker.
MANTRA ($OM) lost just 2%, even less than $BTC, and $FARTCOIN actually gained. Let's look at some "Matthew" coins to navigate uncertain times.
1 Real World Asset Coins
People understand that the Real World Asset narrative will be critical for the future of cryptocurrencies and their adoption by institutions that have "big boy" money. They don't really know much about the space, however, so the top 2 coins is where they mostly stay: $OM and $ondo.
These outperformed in the bloodbath and continue to be industry leaders. You could do worse.
2 Exchange Coins
The bull market is not done yet--not by the standard measures, at least. Typically, we'll call an end to the bull run when $BTC drops below its 200-day simple moving average and it's about 20% above that right now.
In scenarios such as this, you'd expect exchange coins to do well and they did. People buy the coins to make cheaper trades, so they go up as long as people are transacting. Also, most of us don't think it's the end of the bull market just yet.
Two key winners: $OKB and $KCS
3 The King of Memes
It used to be $DOGE, but that's now a department working for Trump. Perhaps it's not surprising, then, that $Trump gained during the bloodbath. Flight to safety?
I'm not sure, but it is now one of the leading meme coins, and after a dramatic sell-off, it seemed ripe for a bounce back.
Also, with everyone talking about Trump, it's not hard to see why mere buzz would boost the coin.
4 Concluding Thoughts
None of this is financial advice. All cryptos are gambling and your family will laugh at you when you lose all your money in this industry. But seriously, DYOR.
If the market collapses into a recession, none of these coins will be winners. For now, the market is dipping, and the macroeconomic conditions are there to suggest the bull run will continue.
Alts are bleeding, but $BTC and this handful of "Matthew" coins continue just fine. I'd watch them as opportunities for higher-quality investments in the current market.
Happy Trading!
-Sebastian Purcell, PhD
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