TRUMP Meme Coin Falls 16% As Short Sellers Remain Highly Active

A recent study by Swan, a Bitcoin financial services company, has revealed that most alternative cryptocurrencies (altcoins) experience rapid and systemic depreciation when measured against Bitcoin (BTC). 

The findings highlight Bitcoin’s role as a more stable asset for capital preservation in the fluctuating cryptocurrency market.

Bitcoin vs. Altcoins: Which is Better? 

Swan shared its insights in a detailed thread on X (formerly Twitter). 

“Altcoins don’t just underperform Bitcoin. They collapse against it,” the post read.

The analysis examined the performance of the top 300 altcoins over five years. It focused on the time it takes for these assets to lose 90% of their value relative to Bitcoin after reaching their all-time highs (ATH).

“The median altcoin reached a -90% drawdown in just 10–20 months,” Swan revealed.

Moreover, according to Swan’s data, Terra (LUNA1), Ontology Gas (ONG), and Bitgert (BRISE) collapsed the fastest, hitting the 90% drawdown mark in under two months. Larger, more established altcoins were not immune to this trend. 

For instance, Cardano (ADA) and XRP (XRP) took 36 months to depreciate 90% from their record peak. Meanwhile, Litecoin (LTC) experienced a gradual decline, taking 69 months. Monero (XMR) saw the slowest drop, taking six years to reach a -90% drop.

Swan’s analysis extends to 45 altcoins that have not yet experienced the 90% decline. While they have not yet “collapsed,” the data suggests they are merely delaying their inevitable losses. 

The average drawdown for these altcoins is 76% from their peak value. Even the best-performing altcoin among them is still down by 43% compared to BTC.

“Bitcoin remains the benchmark for capital preservation. These assets don’t hedge Bitcoin — they bleed against it,” Swan added.

The findings point to a systemic issue within the altcoin space. The data suggests that altcoins, often marketed as alternatives to Bitcoin, fail to deliver sustained value over time compared to the leading cryptocurrency.

Swan also stressed that long-term outperformance by altcoins is exceptionally rare. Furthermore, the firm believes survivorship bias — the tendency to focus on successful projects — has hidden the widespread decay across the broader market.

“With performance like this, it’s astonishing that altcoins continue to exist. Then again, humans love gambling,” Swan executive John Haar remarked.

Why Altcoin Season Might Never Return?

The growing saturation in the altcoin market adds to the concerns. According to CoinMarketCap (CMC) data, over 1.8 million tokens have been created in just the past month. 

However, the vast majority of these tokens fail to deliver. BeInCrypto recently reported that 89% of tokens listed on Binance in 2025 are in the red. Thus, newer altcoins’ value is driven more by short-term trading and hype rather than any lasting fundamentals.

In addition, this surge in the number of tokens has fragmented market liquidity. These factors have even delayed the long-anticipated “altcoin season.” Yet, some analysts even argue that the traditional altcoin season may never return.

This shift is largely due to Bitcoin’s increasing dominance in the market, bolstered by institutional adoption and growing regulatory attention. While Bitcoin solidifies its position as the dominant digital asset, the same cannot be said for altcoins, which struggle to maintain relevance and investor interest in the face of Bitcoin’s continued rise.

The post Most Altcoins Face Rapid Decline Against Bitcoin, Study Shows appeared first on BeInCrypto.

Pi Network’s native token, PI, has bounced back following a few days of decline. It has noted a 6% gain in the past 24 hours to trade at $1.47 at press time. 

The recovery comes ahead of Pi Day on March 14. There is also growing market speculation about a potential Binance listing.

PI Gains 21% as Traders Gain Confidence

PI has jumped 21.3% over the past 24 hours, driven by growing speculation over a potential Binance listing and the upcoming Pi Day announcements on March 14. 

This date also marks the deadline for KYC completion and the migration of PI holdings from the mobile app to the Mainnet. These upcoming developments have triggered a new wave of PI demand, putting upward pressure on its price.

The steady rise in PI’s Relative Strength Index (RSI) reflects the surge in buying activity among spot market participants. The momentum indicator is in an upward trend and poised to break above the 50-center line at press time. 

When an asset’s RSI is attempting to cross above its 50-neutral level, it signals a shift in momentum from bearish to bullish. This suggests that buying pressure is increasing, potentially leading to further price gains if the trend continues. 

A confirmed move above 50 would reinforce positive sentiment around PI and attract more traders looking for upward momentum.

Furthermore, its positive Chaikin Money Flow (CMF) confirms this bullish outlook. This indicator, which tracks how money flows into and out of PI, is above zero at 0.16.

This trend indicates that buying pressure is stronger than selling pressure among PI traders. It signals that investors are confident in the asset, increasing the likelihood of further price appreciation.

PI Eyes Recovery After Steep Drop—Can It Reclaim $2?

PI has steadily declined, plummeting over 19% in the past week. This has pushed its price under a key price level of $1.62, which forms significant resistance. If the bullish trend persists and the demand for PI soars, its price could attempt to breach this level.

A successful break above $1.62 could propel PI above $2 and closer to its all-time high of $3.

On the other hand, a resurgence in profit-taking would invalidate this bullish projection. If selloffs spike again, PI’s price would resume its downtrend and fall to $1.34.

The post Pi Network Token Posts Double-Digit Gains as Investors Gear Up for Pi Day appeared first on BeInCrypto.