Several altcoins have not only outperformed Bitcoin and Ethereum, but also posted impressive gains over the past three months.

The entire crypto market had a bad summer due to bad news ranging from the collapse of Terra (Luna) – now renamed Terra Classic (LUNC) – to the Celsius network liquidity crisis. But some tokens overcame the downtrend and their value really increased over the summer.

In particular, these so-called alternative cryptocurrencies or “altcoins” have outperformed top coins like bitcoin (BTC) and ether (ETH) over the past 90 days. Here are three of them:

Chile (CZ)
Chiliz (CHZ) has returned over 80% in the last 90 days, the highest among the top cryptocurrencies by capitalization. Additionally, CHZ is down just 26% year-to-date compared to BTC and ETH, which are down 57% and 60%, respectively.

Cryptocurrency Indicators (last 90 days). Source:
On the daily chart, CHZ hit $0.20 per share on August 29 and should have ended the month in profit. Conversely, Chiliz token could technically correct by 55% to $0.09 in September based on the setup shown below.

Three-day price chart CHZ/USD. Source: Trade View
Originally, the CHZ price rally started after a recovery in the cryptocurrency market. But that bullish move has been buoyed by a series of bullish upgrades, including a partnership with crypto exchange Huobi Global and the acquisition of nearly 25% of Barça Studios FC Barcelona.

Chiliz has also capitalized on the hype surrounding back-to-back network upgrades as it seeks to scrap Ethereum and launch its own CHZ 2.0 network.

Lido DAO (LDO)
Lido DAO (LDO) is up around 60% over the past 90 days, mainly due to the euphoria surrounding the “fusion”, the long-awaited transition of the Ethereum network from Proof of Work to Proof of Stake in September.

Related: US dollar hits new 20-year high – 5 things to know about bitcoin this week

The Lido DAO helps underfunded users become participants in the upcoming Ethereum Proof-of-Stake chain. To do this, user funds in Ether are pooled in a pool of 32 ETH – as required by the Ethereum network – and deposited into the official Merge smart contract.

Ethereum 2.0 TVL delivered by the provider from August 28th. Source: glass node
The prospect of Lido DAO attracting more users in the days before and after the merger prompted buying in a bear market.

But like Chiliz, the LDO price is at risk of falling 20% ​​to $1.31 in September as shown in the chart below.

Daily CHZ/USD chart. Source: Trade View
The $1.31 target serves as support in the red marked consolidation area given its historical performance.

Quantum Network (QNT)
Quant Network (QNT) is up over 40% over the past 90 days, initially fueled by a broader crypto market uptrend, but gaining momentum on speculation that their interoperable blockchain protocol will find use with governments and regulators won.

However, from a technical perspective, QNT risks a 40% price decline from the current price level due to the formation of a head and shoulders configuration on the daily chart with a target of $57 by September as shown below.

Daily QNT/USD price chart. Source: Trade View
Other winners
Ethereum Classic (ETC) is also up over 40% over the past 90 days on hopes that it will become a safe haven for Ethereum miners after the PoS upgrade.

While Polygon (MATIC) is up 27% over the same period, followed by Uniswap (UNI) which is up 13%.

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Source: CoinTelegraph