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.
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.
On the other hand, the worst performing project was Ripple (XRP), which closed the week with a -38.76% result.
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 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 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