0.91x is the best we’ve got

CryptoRank has launched an interesting tool that lets you compare how newly listed tokens have performed across different exchanges. The performance metric shows how the current price compares to the token’s listing price.

You can select any date range - a week, a month, or more - and see how many tokens listed during that period are currently up or down. The tool also shows the median result for that group.

And here’s what’s surprising:

• Most people agree we’re in a bull market;
• Over the past two months, we’ve even seen what looks like an altseason, with alts pumping harder than BTC;
• And yet, no matter what date range I choose, I can’t get a positive result.

Most tokens listed during this altseason are now in the red. And the median never even reaches 1x - meaning, on average, they’re below their listing price. The best median I found was 0.91x (a 9% loss), and that was on Coinbase.

So this is our bull market.

There was a time when listing on a major exchange meant a token was about to take off. Now, new tokens often fail to grow even with that boost.

Maybe it’s time to stop chasing shiny new listings and focus on the old veterans that are still delivering.

How about BNB, TRX, XMR - and of course, BTC? All of them are available to swap at the best rates on rabbit.io.

Who else from the old guard is outperforming the newcomers?