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Infrastructure Tokens Are Quietly Outperforming
[A Paradigm Shift] Although Bitcoin has recently shown serious technical weakness, declining by 13% within seven days, the digital asset market still offers other investable narratives. Amid Michael Saylor of MSTR announcing sudden Bitcoin sales, investors are now looking at infrastructure-related tokens that are attractively priced. The popularity of these new infrastructure tokens represents a paradigm shift, where investor attention is shifting from legacy cryptocurrencies towards infrastructure-related tokens. One standout performer in this space is Hyperliquid (HYPE), a high-performance L1 decentralized exchange, which has surged by 186% year-to-date, showcasing just how strong the demand for infrastructure tokens can be. [NEXO Spot Taker CVD Surging] According to CryptoQuant’s latest on-chain data, the NEXO spot taker cumulative volume delta (CVD) has been surging recently, showing a similar pattern as in early 2024. If we assume that the market structure correlates with 2024, we could see significantly higher NEXO prices here. [Infrastructure Token Cycle Ahead?] The strong NEXO-related CVD data signals a potential infrastructure token cycle ahead. So far Bitcoin’s dominance has stayed high, but a certain cohort of altcoins is already outperforming the leading cryptocurrencies. [Why Are Infrastructure Tokens Quietly Outperforming?] Infrastructure-related tokens, like Nexo ecosystem's native NEXO, are in a favourable position right now, as investors are focusing on real fees and revenue, stablecoin rails, and RWAs. Many infrastructure-related tokens offer a bigger realistic upside ahead, compared to large L1s like Bitcoin and Ethereum.