Several altcoins in the top 50 have seen retailers see double-digit gains over the past month. In the top 10, Cardano offered 694% gains, with the Alt’s price rising from $ 0.18 at the start of 2021 to $ 1.43 in the final week of February 2021. In fact, in January through January 6, the price was largely below $ 0.55 from February 2021.
With 50% of ADA HODLers having HODLed for less than 12 months, it is clear that during this bull run they saw double digit gains and over 90% of HODLers were profitable. While such profits have also been made by HODLers from Alts like SUTER, LGCY, PBR, GVT, almost all of these Altcoins are outside the top 500 in terms of market capitalization.
Among the top 25 altcoins, ADA has offered its HODLers and the swing trading community huge profits across spot exchanges on this bull run, with multiple profit posting opportunities since its high of $ 1.48.
Of course, ADA did very well. Did it do the best? In the race for the title “The Altmünze with the highest ROI in the Top 50” were among others the Alts BNB, UNI, ETH, LTC, DOT and XRP. The following graph shows the ROI% of ADA compared to these Altcoins since the beginning of the year.
ADA against BNB, ETH, LTC, DOT, UNI, XRP || Source: Cryptocurrency Chart
Just like ADA offered top returns to retailers, IOTA offered over 1000% returns in 2020 and over 50% returns last month.
IOTA trading volume against price || Source: Cryptocurrency Chart
Based on the attached price chart, an interesting relationship has emerged between the price and volume of this altcoin.
As the price has increased since early 2021, trading volume has decreased and that decrease has popped up on the chart. The decline could mean traders are leaving IOTA HODLEN and the exchanges. This signals a bullish development in the IOTA price. Aside from the fact that IOTA is among the top alts with high yields, it should continue to rise until the end of the month, with the price hovering around $ 2 in the last 3 days.
However, IOTA and ADA aren’t the only ones. Among the altcoins in the top 100 that are currently undervalued, Icon ICX has grown into an alt that offers triple-digit returns – 582.6% within 90 days. Although ICX’s trading volume was less than $ 200 million at the time of going to press, this altcoin should potentially be considered as liquidity had not held back volatility. In fact, ICX’s market cap is up over 40% over the past month. This is a bullish sign for the Alt and for traders who have HODLing ICX in their portfolio.
Among the top altcoins making a comeback this month, BNB tops the list with over 123% returns in 30 days. The trading volume of the BNB rose steadily with the price, whereby the price also rose despite falling prices, which signaled the possibility of a further correction. However, HODLers have achieved over 50% ROI in the past week alone and sentiment remains bullish despite the falling price.
In the short term, there could be another BNB rally after a correction. Since the top competitors of altcoins like BNB are DeFi tokens like UNI, SUSHI, MKR, AAVE and COMP, the following graphic shows how these tokens have developed in terms of ROI compared to BNB since the beginning of the year.
ROI of BNB against DeFi tokens AAVE, LINK, COMP, MKR, SUSHI, UNI, YFI || Source: Cryptocurrency Chart
The BNB has offered a return on investment of over 1392% versus the best DeFi tokens. That makes it the high volatility, high ROI altcoin to watch out for for the next 30 to 60 days. While there are several other Altcoins and DeFi tokens that offer high returns, the key to consistent returns for HODLers is high / growing market capitalization, high liquidity, and a relatively high short-term ROI.
In terms of these metrics, ADA, IOTA, ICX, and BNB are the best altcoins to watch out for in the next stage of the bull run.
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