And now, for your daily dose of anti-hopium.
For the previous 7 day period:
Dash outperformed 0 of the 14 coins ranked above us (0%). The 30 day SMA is 36%.
Dash outperformed 1 of the 10 coins ranked below us (10%). The 30 day SMA is 39%.
In total, Dash outperformed 1 of the top 24 coins (4%). The 30 day SMA is 38%.
Bit coin dominance rose by 4/10ths to 66.1%.
2 of the top 25 coins beat Bitcoin (8%).
BitCoin continues to kick alt coins in the guts. The news is not entirely bad, the dollar value of Dash has been pretty stable, preserving the buying power of our treasury. Plus, we passed Tezos to regain our rank of 15. How is that possible you ask, since we did not beat any of the competitors above us? Rankings are more or less a real time metric. My metric looks at a 7 day time frame to remove much of the daily volatility. So, in the 1 day time frame, we did in fact beat Tezos. Stated differently, if we continue to beat Tezos for the next few day, it will turn up in the 7 day time frame.
As always, this is not investment advise. Do your own homework. All crypto is risky. Don’t invest more in crypto than you can afford to lose.
^ Dash versus the 14 coins listed above us. We beat nothing. You can tell it’s bad when you’re hoping at least to get a dead cat bounce.
^ Dash versus the 10 coins below us. Well, it’s not a zero.
^ The Broad Competitive Index of Dash versus the top 24 coins look pretty gloomy.
^ The alt-coin sector struggles to crawl out of the gutter.