XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
0mins
Source: Yahoo Finance
- Fairlead's Analysis: Fairlead Strategies' 12-week relative rotation graph shows signs of improvement in XRP, LINK, and ETH compared to BTC.
- DOGE Performance: DOGE is expected to continue underperforming BTC and may become a "laggard" in the crypto market.
- RRG Explanation: The relative rotation graph (RRG) visually represents the strength and momentum of altcoins relative to BTC.
- Quadrants on RRG: The RRG has four quadrants: leading, weakening, lagging, and improving, indicating different levels of relative strength and momentum.
- Market Outlook: Momentum traders see potential opportunities in altcoins moving into the improving quadrant, suggesting possible outperformance in the near future.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
