Fairlead’s 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETHDOGE likely to continue underperforming BTC and may become a “laggard.”
As a researcher with extensive experience in analyzing cryptocurrency markets, I find Fairlead Strategies’ latest analysis of the 12-week relative rotation graph (RRG) intriguing. Based on their findings, I believe that XRP, Chainlink’s LINK token, and Ethereum’s ether (ETH) are worth keeping an eye on for potential gains in the coming weeks.As a crypto investor, I would recommend keeping an eye on XRP, Chainlink’s LINK token, and Ethereum’s ether (ETH) for potential growth opportunities. These cryptocurrencies have shown promising signs and could be the next green shoots in the market.
As a researcher examining the latest findings from Fairlead Strategies, I can tell you that our analysis of the past 12 weeks’ performance of top altcoins in relation to Bitcoin (BTC) reveals some interesting insights.
The Relative Rotation Graph (RRG) is a graphical tool that illustrates how various assets (altcoins), compared to Bitcoin (BTC), perform in terms of strength and momentum. The x-axis signifies the relative strength of altcoins against Bitcoin, while the y-axis represents the momentum or trend of their performance.

Leading, Weakening, Lagging, and Improving. The Leading section (top right) signifies a good performance with increasing trends. Contrarily, Weakening (bottom right) shows a strong performance but with decreasing trends. The Lagging section (bottom left) indicates poor performance with negative trends, while Improving represents weak initial performance but improving trends.

XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles
The shift of XRP from the underperforming to the advancing quadrant, in conjunction with Ethereum (ETH) and Chainlink (LINK), suggests that these three cryptocurrencies are regaining ground, although they currently exhibit weaker relative strength compared to Bitcoin (BTC).

Analysts at Fairlead Strategies shared with their clients on Monday that they assess the cyclical patterns among the leading altcoins relative to Bitcoin using RRGs (Relative Rotation Graphs). Notably, Chainlink, similar to Ether and Ripple, can be found in the Enhancing category, which indicates a diminished downside momentum compared to Bitcoin.

As a crypto investor, I believe that the transition from the underperforming sector to one showing signs of improvement indicates a potential rotation opportunity on the horizon. In the coming weeks, it’s possible that capital will be allocated towards this sector as investors aim to diversify their portfolios with resilient crypto assets.

Momentum traders consider a crossing into the enhancing zone as a possible chance; this situation suggests that the asset is exhibiting promising signs of recovery and could deliver superior returns in the imminent period.

DOGE, SOL, and BCH currently reside in the weakening zone on the left side of the chart, suggesting they will likely continue to underperform and soon join the lagging quadrant. Meanwhile, the leading altcoins have already entered the lagging quadrant, displaying both subpar performance and negative momentum compared to Bitcoin.

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2024-06-18 11:17