Crypto Marketcap, together is better

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.

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.

On the other hand, the worst performing project was Monero (XMR), which closed the week with a -13.02% result.

MEDIUM PROJECTS

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.

SMALL PROJECTS

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.

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