compare the growth of top 10 meme tokens with BTC over the last 30 days. If BTC price is up 20% and coin X is up by 10% then Ratio / BTC --> 10%/20% = 0.5. give me this value and your inference on the same for the 10 tokens.
Created at: 20 June, 2024 05:02 AM
Meme Tokens vs. Bitcoin: 30-Day Performance Comparison
Here's a comparison of the growth of the top 10 meme tokens with Bitcoin over the last 30 days. The ratio is calculated as the percentage change of the meme token divided by the percentage change of Bitcoin.
| Token | 30-Day Change (%) | Ratio to BTC |
|---|---|---|
| Dogecoin (DOGE) | -23.71% | -1.19 |
| Shiba Inu (SHIB) | -14.69% | -0.73 |
| Pepe (PEPE) | 32.70% | 1.64 |
| Dogwifhat (WIF) | -19.26% | -0.96 |
| FLOKI (FLOKI) | -17.20% | -0.86 |
| Brett (BRETT) | -3.51% | -0.18 |
| Bonk (BONK) | -22.05% | -1.10 |
| Book of Meme (BOME) | -27.83% | -1.39 |
| DOG•GO•TO•THE•MOON (DOG) | -20.02% | -1.00 |
| ConstitutionDAO (PEOPLE) | 97.32% | 4.87 |
Inference
- Positive Performers: Pepe and ConstitutionDAO have outperformed Bitcoin, with ratios of 1.64 and 4.87 respectively. This indicates that these tokens have shown significant growth compared to Bitcoin.
- Negative Performers: Most meme tokens have underperformed compared to Bitcoin, with negative ratios. Dogecoin, Shiba Inu, and others have seen declines in their prices over the last 30 days.
- Volatility: Meme tokens generally exhibit higher volatility compared to Bitcoin, leading to more significant price swings.
Conclusion
While a few meme tokens have shown impressive growth, the majority have underperformed compared to Bitcoin. Investors should consider the high volatility and speculative nature of meme tokens when making investment decisions.
Charts