Crypto Marketcap, mid-caps overperform led by ATOM

The last seven days saw a general recovery of the cryptocurrency market after a very negative past week. All our dimension-based indexes performed positively and overperformed BTC. Mid-caps performed better than their peers, with small-caps besting large-caps for the second place.

LARGE-CAP CRYPTOS

The Large projects, i.e. our selection of cryptocurrencies with a high market capitalization, performed positively for the week on aggregate, despite being the worst aggregate.

All but one of the coins registered a positive result, with four of them reporting a double-digit gain. Overall, the results were in a range between -10.22% and +24.77%, with the median result being -+4.61%, twelve points higher than the past week.

The intra-group correlations were slightly lower than last week at 0.63 on average, with Neo (NEO) posting the lowest level at circa 0.50.

Cardano (ADA) had the best week among all the top projects, rising 24.47% to 0.10 USD. ADA market capitalization is at the moment over 3 billion USD.

On the other hand, the worst performing project was Neo (NEO), which closed the week with a -10.22% w/w result.

MEDIUM PROJECTS

Our selection of Mid-cap coins reported the best performance among all our aggregates. The performances ranged from -3.23% to +32.74%. The median performance was +4.57% w/w, sixteen points better than the past week. Almost all the cryptocurrencies reported positive results, with seven double-digit gains.

The intra-group correlations for mid-cap coins were in line with last week with an overall average value of 0.52. Hedera Hashgraph posted the lowest value at 0.32.

The best performing project was Cosmos (ATOM), closing the week at +32.74% w/w with a price of 5.47 USD and a market capitalization of more than 1 billion USD which could lead it to pass trough the large-caps if confirmed.

On the other hand, Lisk (LSK) was the worst performer of the group, closing the past seven days at 1.17 USD for a -3.23% w/w return and around 150 million USD market capitalization.

SMALL PROJECTS

Our selection of small-cap coins had the second-best performance among our aggregates with results ranging from -1.30% to +30.27% w/w and a median value of +4.82%, which is nineteen percentage points better than past week’s result. Fifteen coins out of sixteen finished the week with a positive result. Four coins reported a double-digit gain.

The correlation between small projects was lower than past week with an average of 0.37, with Tomochain (TOMO) posting the lowest value at 0.21.

The best performer of the week in the group was again Tomochain (TOMO), closing the period at 1.04 for a +30.27% w/w return and a market capitalization of 85 million USD.

BitShares (BTS) was the worst performer of the week and recorded a -1.30% w/w result and a price of 0.02359 USD and around 70 million USD market cap.

DISCLAIMER

The views expressed in this report reflect the analysts’ personal views about the cryptocurrencies subject of the report. These views may change without notice and are subject to market conditions. The report is prepared for information purposes only and by no means constitutes a solicitation to investment or disinvestment. All the data are taken from Binance at 15:00 UTC on the 30th of September 2020. USD and USDT are used interchangeably for illustration purposes. All the presented valuations, indicators, and analyses are subject to errors. The report is for personal use only and should not be republished or redistributed