Small Cap Altcoins In The Green In Pre-Spring Crypto Surge
17 March 2022 - 10:00AM
NEWSBTC
Crypto is characterized by its highly volatile nature and even
though the digital assets in this space have continued to live up
to this reputation, investors remain undeterred. It is still one of
the fastest-growing financial markets in the world with predictions
of accelerated growth in the coming years. Recently, the space has
slowed down significantly and as such, has seen declining values in
the assets. Despite this, not all digital assets in the crypto
space have suffered. Just like there are times where there is an
exception to the rule, Small Cap altcoins have proven to be the
exception this time around. While the rest of the market has been
recording losses, these Small Cap coins are the only index that has
remained in the green. Small Cap Coins Take The Cake Recently, as
the market has tumbled, there has been an unlikely winner emerging
from all the fracas. The Small Cap index is filled with altcoins
whose market caps are still very small compared to their larger
counterparts. Nevertheless, this has not stopped them from
outperforming in times when no one has expected them. The last two
weeks have been proof of this. Related Reading | Bitcoin
Breaks Out Of $39K Idle Trend, But What Does $40K Hold? While the
larger caps coins suffered major losses, small cap altcoins
rallied. This was mostly due to the gains made by a single altcoin,
WAVES, which has recorded 56% gains in the last two weeks alone.
The gains from this digital asset propelled the rest of the Small
Cap Index, putting them in profit while the rest of the market saw
losses. The Bitcoin Index performed better than the rest of the
larger cap digital assets though. Although returning losses, it saw
8% of losses in the same time frame, the lowest out of these Large
Cap coins. Total market cap at $1.75 trillion | Source: Crypto
Total Market Cap on TradingView.com The Large Cap Index had also
followed the bitcoin downtrend patterns. This index saw 9% shaved
off its value in the past two weeks, seeing the second-highest
negative returns of all the indexes. Related Reading | Bitcoin
Worth $1.2B Left Coinbase In Sign Of Continuous Institutional
Adoption As for the Mid Cap Index, this one took the cake for the
index with the worst performance. It saw 13% in losses in just the
first two weeks of March alone. The Small Cap Index outperforming
the larger cap indexes during times of downtrend is as unusual as
it gets. Though it has happened it has been few enough that it is
an incredible feat for the index to be in profit while the larger
indexes fall in the loss. Featured image from Republic World, chart
from TradingView.com
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