The last seven days feaured BTC holding pretty comfortably the price level reached during the previous week. On the other hand, altcoins struggled to keep the same pace and registered negative performances all over the board. Large-caps actually struggled more than small and mid-caps, with Ripple saga with the SEC weighing on the index. Small-caps and mid-caps finished in negative territory and with a very similar performance.
The Large projects, i.e. our selection of cryptocurrencies with a high market capitalization, had the worst week among our groups.
Just four oins out of sixteen registered a positive result, with nine double-digit losses. Overall, the results were in a range between -38.76% and +20.16%, with the median result being -10.60%, almost 20 points worse than the last week.
The intra-group correlations were in line with last week at 0.71 on average, with Monero (XMR) posting the lowest level at circa 0.56.
Litecoin (LTC) had the best week once again among all the top projects, rising 20.16% to 104.92 USD. LTC market capitalization is at the moment over 7 billion USD.
On the other hand, the worst performing project was Ripple (XRP), which closed the week with a -38.76% result.
Our selection of Mid-cap coins also reported a negative performance. Just four cryptocurrencies were positive for the period. The performances ranged from -25.49% to +68.85%. The median performance was -11.27% w/w, circa 17 points worse than the past one.
The intra-group correlations for mid-cap coins were in line with the past weeks with a value of 0.57. Ravencoin (RVN) posted the lowest value at 0.40.
The best performing project was Zilliqa (ZIL) closing the week at +68.85% w/w with a price of 0.064 USD and a market capitalization of over 680 million USD.
On the other hand, Waves (WAVES) was the worst performer of the group again, closing the past seven days at 6.29 USD for a -25.49% w/w return and circa 660 million USD market capitalization.
Our selection of small-cap coins had an overall negative week as well with results ranging from -21.90% to +48.48% w/w and a median value of -9.40%, the best among our groups. Six coins finished with a double-digit loss, while only one were able to close with a gain.
The correlation between small projects was in line with last week with an average of 0.39, with Bitshares (BTS) posting the lowest value again at 0.18.
The best performer of the week in the group was Mithril (MITH) closing the period at 0.00784 for a +48.48% w/w return and a market capitalization of circa 7 million USD.
Aion (AION) was the worst performer of the week and recorded a -21.90% w/w result, a price of 0.0674 USD and around 32 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