Altcoins with small capital continue to march ahead of the gains of Bitcoin and ether

Altcoins with small capital continue to march ahead of the gains of Bitcoin and ether

Small altcoins have been some of the best lately. Even through the declining trend, these cryptocurrencies with low market capitalization have yielded better profits compared to their larger counterparts such as Bitcoin and Ethereum. They carried this effect to another week as low-capital altcoins once again show their profitability by staying ahead while the rest of the market suffers.

Small Cap Altcoins remain in the lead

Last week, low-capital altcoins were the only index to return profits, while everyone else was losing. It continued this week as well, as it is still the only index in the green, and other indices are behind it. These altcoins with small capital usually encourage a small but firmly united community of supporters, which often explains the consistent gains.

Related Reading | MOON on Spike 80%? Here’s what analysts think

The monthly results of these indices are sharp when placed side by side. For example, the Small Cap Index is on the rise this month, reaching as much as 17% of positive returns this month. However, other indices consisting of cryptocurrencies with much higher market capital were not able to record the same returns, all in the same time period.

Small Cap Index is the only one in the green | Source: Arcane Research

This index climbed so high after hovering around 0% in the days leading up to March 16th. At that point, the Small Cap Index began to gain momentum, becoming the only index in the green.

How higher indices turned out

Looking at Bitcoin, Mid and Large Cap indices, it is obvious that smaller altcoins have been the best investment lately. All of this remained in the red even after a small recovery that was recently recorded in the market. These indices remained below the profit margin for most of the year, making them a less attractive investment option compared to low-capital altcoins.

Altcoins with small capital continue to march ahead of the gains of Bitcoin and ether

Crypto market at $1.8 trillion | Source: Crypto Total Market Cap on

Bitcoin is on a downward trend, recording one of the largest loss margins for all indices. It recorded a loss of 5% together with its counterpart, the Small Cap Index, which also had a negative return on -% 5.

Related Reading | HubSpot Hack results in data breaches by large companies such as Circle and BlockFi

As for the Large Cap Index, it had slightly better results compared to Bitcoin and Mid Cap, but still did not enter the territory of profit. It also remains in the red region with -3% recorded in the past month.

Ethereum, however, was one of the strongest performances and has grown by 1% since its market dominance in the past week. Compared to Bitcoin, ETHBTC has now returned above 0.07.

Featured image from Coinlib, chart from

Source link

Leave a Reply