The last seven days were great for the cryptocurrency market. BTC kept rising after the already very positive performance of the past week. However, this time altcoins had their fair share of success as well. Projects of any size enjoyed double-digit positive perofrmances, with BTC only able to overperform our small-cap index. Mid-caps registered the best performance, just barely beating large ones.
LARGE-CAP CRYPTOS
The Large projects, i.e. our selection of cryptocurrencies with a high market capitalization, had a very positive week, just shy of the first place.
All but two coins registered a positive result and were also above a 10% raise. Overall, the results were in a range between -13.02% and +139.21%, with the median result being +29.52%, almost 28 points better than the last week.
The intra-group correlations were lower than last week at 0.49 on average, with Ripple (XRP) posting the lowest level at circa 0.26.
Stellar (XLM) had the best week once again among all the top projects, rising 139.21% to 0.315 USD. LTC market capitalization is at the moment over 6.7 billion USD.
On the other hand, the worst performing project was Monero (XMR), which closed the week with a -13.02% result.
MEDIUM PROJECTS
Our selection of Mid-cap coins reported the best performance among our aggregates during the past week. The performances ranged from -8.64% to +120.78%. The median performance was +27.80% w/w, circa 25 points better than the past one.
The intra-group correlations for mid-cap coins have been significantly lower than the past weeks with a value of 0.38. Dogecoin (DOGE) posted the lowest value at 0.23.
The best performing project was Dogecoin (DOGE) itself closing the week at +120.78% w/w with a price of 0.010 USD and a market capitalization of over 1.3 billion USD.
On the other hand, Waves (WAVES) was the worst performer of the group, closing the past seven days at 5.98 USD for a -8.64% w/w return and under 650 million USD market capitalization.
SMALL PROJECTS
Our selection of small-cap coins had an overall good week but still resulted the worst aggregate, with results ranging from -34.11% to +44.54% w/w and a median value of +19.23%, the worst among our groups but still 22 points above the past week. Just one coin finished with a negative result, namely Mithril (MITH)
The correlation between small projects was lower than last week with an average of 0.29, with Blockstack (STX) posting the lowest value at 0.22.
The best performer of the week in the group was Tomochain (TOMO) closing the period at 0.9697 for a +44.54% w/w return and a market capitalization of circa 75 million USD.
Mithril (MITH) was the worst performer of the week and recorded a -34.11% w/w result, a price of 0.01022 USD and around 10 million USD market capitalization.
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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 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
