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.
Seven coins out of sixteen registered a positive result, with two reporting a double-digit loss. Overall, the results were in a range between -13.00% and +7.50%, with the median result being +-0.40%, down almost 2 points from the last week.
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.
Litecoin (LTC) had the best week among all the top projects, rising 7.5% to 56.33 USD. LTC market capitalization is at the moment over 3.6 billion USD.
On the other hand, the worst performing project was Neo (NEO), which closed the week with a -13.00% w/w result.
MEDIUM PROJECTS
Our selection of Mid-cap coins reported again the second-worst performance among all our aggregates. No coin of thise size group was able to report a gain for the period. The performances ranged from -13.06% to -0.05%. The median performance was -8.20% w/w, worsening almost seven points from the previous one. Four coins reported a double-digit loss.
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.
The best performing project was FTX Token (FTT), closing the week at -0.05% w/w with a price of 3.75 USD and a market capitalization of more than 350 million USD.
On the other hand, Ontology (ONT) was the worst performer of the group, closing the past seven days at 0.479 USD for a -13.06% w/w return and circa 370 million USD market capitalization.
SMALL PROJECTS
Our selection of small-cap coins had the worst performance among our aggregates with results ranging from -28.58% to +16.37% w/w and a median value of -9.22%, four points lower than the past week. All the coins but two finished the week with a negative result. Seven coins reported a double-digit loss.
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.
The best performer of the week in the group was IoTeX (IOTX), closing the period at 0.00711 for a +16.37% w/w return and a market capitalization of circa 70 million USD.
Mco (MCO) was the worst performer of the week and recorded a -28.58% w/w result and a price of 2.744 USD and around 38 million USD market cap.
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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
