Crypto analyst Kyle Doops conducted a relative strength screen across the 20 largest non-stablecoin cryptocurrencies, identifying assets trading less than 36% below their all-time highs. Only three altcoins met this criterion: HYPE, TRX, and Monero.
Bitcoin (BTC) did not pass the test. Doops emphasized that this approach differs from the common retail strategy of buying the assets that have fallen the hardest, arguing instead for focusing on projects that have not been severely damaged from their peaks.
The Three Altcoins That Passed
Hyperliquid (HYPE) emerged as Doops' strongest example from the screen. He noted that HYPE was trading near all-time highs despite Bitcoin remaining significantly below its peak. The token reached an all-time high of $89.60 on September 6, before retracing to $78.82.
For TRON (TRX), Doops highlighted a cup-and-handle pattern, with the 100% extension target sitting at $0.4359, just above the $0.4313 record high.
Monero also qualified under the screening criteria.
Most other major altcoins fell far short. Chainlink trades 78% below its peak, Cardano 93%, and Polkadot 98%.
Blind Spots in the Screen
The relative strength approach has limitations. Zcash (ZEC), which Doops acknowledged liking for its structure, initially failed his filter at 64% below its 2016 peak. However, the privacy coin subsequently gained approximately 120% in a month and cleared $1,000 for the first time in nearly a decade, suggesting the screen missed a significant opportunity.
Privacy coins as a sector have moved above Bitcoin's October 2025 high, according to the analysis.
Broader Market Perspective
On Solana, currently 66% below its all-time high, Doops stated the project remains significantly underperforming regardless of its narrative strength.
Doops characterized altcoins as short-term vehicles for rotating capital back into Bitcoin, noting that historical trends suggest long-term altcoin investing may not be optimal. He referenced his own previous analysis finding one coin that outperformed Bitcoin across multiple cycles, yet Dogecoin now trades 89% below its peak.
