[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.

Written by oinonen_t