The last seven days started on a positive note and finished with a bang. Bitcoin finally crossed the 20’000 USD mark and closed the week at its all-time high price. Altcoins still have a lot of margin to grow in a lot of cases. From now on, we enter an uncharted territory. It is going to be fun.
The Large projects, i.e. our selection of cryptocurrencies with a high market capitalization, had the best week among our groups.
Just one coin out of sixteen registered a negative result, with seven double-digit gainss. Overall, the results were in a range between -4.59% and +18.45%, with the median result being +9.66%, 17 points better than the last week.
The intra-group correlations were higher than last week at 0.70 on average, with Monero (XMR) posting the lowest level at circa 0.48.
Litecoin (LTC) had the best week among all the top projects, rising 18.45% to 19.95 USD. XMR market capitalization is at the moment almost 6 billion USD.
On the other hand, the worst performing project was Ripple (XRP), which closed the week with a -4.59% result.
Our selection of Mid-cap coins also reported very good performance. Just two cryptocurrencies were negative for the period. The performances ranged from -1.94% to +22.29%. The median performance was +6.37% w/w, circa 15 points better than the past one.
The intra-group correlations for mid-cap coins were in line with the past weeks with a value of 0.54. Theta (THETA) posted the lowest value at 0.38.
The best performing project was Zilliqa (ZIL) closing the week at +22.29% w/w with a price of 0.0388 USD and a market capitalization of over 400 million USD.
On the other hand, Waves (WAVES) was the worst performer of the group, closing the past seven days at 8.34 USD for a -1.94% w/w return and circa 850 million USD market capitalization.
Our selection of small-cap coins had a great week as well with results ranging from +1.51% to +28.02% w/w and a median value of +9.92%, the best among our groups. Seven coins finished with a double-digit gain.
The correlation between small projects was higher than last week with an average of 0.37, with Nuls (NULS) posting the lowest value again at 0.29.
The best performer of the week in the group was Coti (COTI) closing the period at 0.055 for a +28.02% w/w return and a market capitalization of circa 30 million USD.
Mithril (MITH) was the worst performer of the week and recorded a +1.51% w/w result, a price of 0.0053 USD and around 5 million USD market capitalization.
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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 11th 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