The correlation matrix for our selection of Token projects in the last 30 days show the usual pretty high levels overall. Cortex (CTXC) was the only project able to report a level significantly below 0.5. Enjin (ENJ) was the only other project showing a relatively low level of correlation with the group. We did not feature Token correlations in our Monthly Crypto Recap of yesterday.

The Platform sector keeps rolling and bested the field also in the past seven days. However, the week was again very positive overall, with tokens and Bitcoin also in very good shape. A trend is starting to emerge, which is BTC convincingly overperforming its peers in the aggregate Currency sector. The main reason behind this trend could be the incoming BTC halving. Still, all the sectors experienced a positive week and there is no structural need to worry about currencies.