GENERAL OVERVIEW
The last seven days were positive overall for the cryptocurrency market, which embraced BTC uptrend. All our sectors were positive, with tokens overperforming both currencies and platforms pecause of a single coin skewing the performance. Tokens were also the only sector able to overperform BTC.
CURRENCIES
Cryptocurrencies whose main feature is to be used as a medium of exchange were the worst sector during the last seven days. the overall performance was positive overall, with performances ranging from -7.29% to +10.44%. The median value was a positive +2.05% w/w.
All but two cryptos finished the week with a positive result, with no double-digit losses. BTC was the best coin, closing at 14’922 USD for a +10.44 w/w gain.
Currency cryptos showed a moderately high level of correlation at 0.59. Hypercash (HC) showed the lowest correlation with its peers, approaching 0.47.
Bitcoin was the best performing crypto among currencies as already mentioned. The coin was even able to push near 16’000 USD just to fall back near the end of the period.
The following graph shows the frequency distribution of the value of the cryptocurrencies of the sector with respect to BTC. None of the coin was able to trade favourably with respect to Bitcoin.
PLATFORMS
The platforms category was second best performer of our sectors. Results ranged from -3.29% to +33.81% w/w and a median result of +3.45 % w/w.
Just five cryptos out of thirty-six finished the week with a negative result. On the other hand, there were four double-digit losses.
Correlations have been in line with currencies’ ones, with an average level approaching 0.60. Stratis (STRAT) posted the lowest correlation with other cryptocurrency Platforms at 0.37.
STRATIS was the best crypto platform project of the week, rising to 0.495 USD for a +33.81% positive performance w/w.
TOKENS
Cryptocurrency tokens were the best performers among our sectors. Performances ranged from -11.62% to +280.85% and resulted in a +3.57% median value. Four of the cryptocurrencies finished with a loss and the top performance was clearly skewed by the top performer.
The intra-sectoral correlation has been the lowest among our groups with an average level of 0.5. Civic (CVC) registered at the lowest level approaching 0.12.
Civic (CVC) was the best performer of the tokens sector, closing the period at 0.094 USD with a 280% positive performance w/w.
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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 on the 19th November 2020. USD
and USDT are used interchngeably 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.
