Coins with Use cases: Good or about to get hit?

Some crypto's are just a store of value, others have use cases. This means they are used as currency AND as the currency of a (sometimes not yet fully functional) commercial system.

Ether is used to pay for operations on the Ethereum Network, for example.

BTC isn't used for that sort of thing, it's "just" a currency.

So I lumped together the market caps of BTC, BNB, DOGE, BCH and LTC as "CASH" and lumped together RTH, ADA, XRP, DOT, ICP, UNI and XLM as "USE CASE".

I know some people say BNB should be in the use cases, but I feel it isn't, really, not for me.

The thing I noticed is that the "Use Case" coins' market cap has been steadily growing and with the recent shakeout in BTC, The "Use Cases" now represent approx. 50% of the market of coins studied. This I know is just a function of the coins I have included, but it still tells a story.

Either the use case coins are standing up relatively well as they are seen as less speculative, or they are likely to have a delayed reaction if BTC stays weak. We don't think BTC has finished dropping, and @Mayfair_Ventures did call the drop on Mar 18.


Disclaimers: I only went to the ones in the top 16 this morning, and added the ones where market cap was available. USDT/USDC are not included deliberately. Market cap data doesn't go back that far. LINK and SOL don't have cap data yet in TV.

تعليق:

50% above is actually incorrect, should read 33%