I just wanted to look at the history to see if there was a relatively safe (with stops) cryptocurrency I could short against BTC and earn higher returns than holding BTC alone. Tron, Ethereum Classic, and EOS appear to be the winners, with TRX slightly ahead.
Cardano and Ethereum are not good choices. Check out coincheckup.com/analysis/github. While the dramatic declines in EOS, Ethereum Classic's, and Tron's github activity makes sense in light of their price declines, similar declines with Cardano have not led to secular price decline. TRX, ETC, and EOS are all available on Kraken with 3x leverage to short against BTC (I don't use Bitmex LOL and haven't gotten into the new Binance yet). Interestingly, ATOM (Cosmos) has performed fairly weakly given its very strong Github presence and positive trend. Given the current runups, I will be shorting TRX and ETC against BTC at 3x - hopefully as the basis for a longer term position.
Other terrible cryptos to short against BTC have been Chainlink (LINK) and Polkadot (DOT) - which makes sense in light of their github trends.
Cardano and Ethereum are not good choices. Check out coincheckup.com/analysis/github. While the dramatic declines in EOS, Ethereum Classic's, and Tron's github activity makes sense in light of their price declines, similar declines with Cardano have not led to secular price decline. TRX, ETC, and EOS are all available on Kraken with 3x leverage to short against BTC (I don't use Bitmex LOL and haven't gotten into the new Binance yet). Interestingly, ATOM (Cosmos) has performed fairly weakly given its very strong Github presence and positive trend. Given the current runups, I will be shorting TRX and ETC against BTC at 3x - hopefully as the basis for a longer term position.
Other terrible cryptos to short against BTC have been Chainlink (LINK) and Polkadot (DOT) - which makes sense in light of their github trends.