Post-Election Rally Leaves Room to Run

The crypto market’s strong post-US election rally has left some asking if they’ve already missed the bull market. While Bitcoin may be at all-time highs, this isn’t the case for the vast majority of the crypto market.

Of the top 150 tokens by market cap (excluding memecoins), only about 13% are within 25% of their all-time high market cap, and only 5% are actually within <5% of their all-time highs. Meanwhile, nearly 70% trade at less than 50% of their all-time high market cap. Say what you will about valuations during the last bull market, but these figures suggest that the bull market has room to run across much of the crypto universe. A quick look at the S&P 500 shows more than 60% of stocks within 25% of their all-time highs, and nearly 30% within just 5% of their all-time highs – a distribution skewed quite the other way from crypto.

Not every token may deserve a new record price, but as we’ve shown in prior posts, fundamentals (as measured by metrics like fees and active users) are improving across a wide array of tokens. We see room for this rally to run, led by projects with strong use cases, solid fundamentals, and good token design.

*Past performance is no guarantee of future results. There is no guarantee of positive performance and that tokens will reach prior highs. This information is educational in nature and is not investment advice.