[Messari Insight] RCN, ZRX, LEO among assets outperforming Bitcoin in recent market drop

Among assets with at least $10 million in liquid market cap and $1 million in Real 10 volume, Ripio Credit Network ($RCN), 0x ($ZRX), and Unus Sed Leo ($LEO) have notably outperformed against bitcoin ($BTC) amid this recent market downturn. In total, only seven assets within this group have increased in terms of bitcoin during the past week. Bitcoin price is down 19.4% over the last seven days, including a greater than 10% drop on Tuesday alone.

Most cryptoassets are strongly correlated with bitcoin. Bitcoin price movements, therefore, tend to dictate the direction of these other assets. But exceptions can occur based on how the token in question accrues value or recent developments in the project. RCN, for instance, released the latest version of its protocol (v4.0) yesterday. On the other hand, LEO supply is tied to the profits secured by crypto exchange Bitfinex, which can impact token price.

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