Crypto Marketcap, large-caps hold but alts are still chasing BTC

The last seven days were negative overall for altcoins of all sizes. ALts keep suffering because of BTC rallying and catching all the attention. Bitcoin even pushed near 14’000 USD just to fall back in 13’000 USD territory, but its upward trajectory seems still in place. Large-caps still overperformed Mid and Small-caps during the week.

LARGE-CAP CRYPTOS

The Large projects, i.e. our selection of cryptocurrencies with a high market capitalization, performed better than teir peers despite the negative overall result.

The intra-group correlations were slightly higher than last week at 0.63 on average, with Binance Coin (BNB) posting the lowest level at circa 0.53.

On the other hand, the worst performing project was Neo (NEO), which closed the week with a -13.00% w/w result.

MEDIUM PROJECTS

The intra-group correlations for mid-cap coins were slightly lower than the past week with a value of 0.54. Hedera Hasgraph (HBAR) posted the lowest value at 0.40.

SMALL PROJECTS

The correlation between small projects was in line with past week with an average of 0.30, with Mco (MCO)) posting the lowest value again at 0.11.

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 28th of October 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

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