Crypto Marketcap, size doesn’t matter in front of BTC

The last seven days were negative overall for altcoins of all sizes. Bitcoin was still the only focus of investors and even pushed to close the week at its high. At the same time, dimension did not actually play a relevant role, with a very similar performance across our size indexes.


The Large projects, i.e. our selection of cryptocurrencies with a high market capitalization, performed in line with their peers despite the negative overall result.

The intra-group correlations were slightly higher than last week at 0.66 on average, with Dash (DASH) posting the lowest level at circa 0.55.

On the other hand, the worst performing project was Neo (NEO), which closed the week with a -13.53% result.


The intra-group correlations for mid-cap coins were slightly lower than the past week with a value of 0.53. Ravencoin (RVN) posted the lowest value at 0.44.


The correlation between small projects was in line with last week with an average of 0.33, with Stratis (STRAT)) posting the lowest value again at 0.27.


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 4th November 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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