Crypto’s volatile nature is what makes it so attractive. Although digital assets within this sector have maintained their reputation as being highly reliable, the investors aren’t worried. The crypto market is expected to grow rapidly in the future and it remains one of most dynamic financial markets. Recent trends have seen the market slow down and assets see declining value.
However, this does not mean that all crypto assets have been affected. As there may be times when there’s an exception to every rule, Small Cap altcoins are the exception. The Small Cap Coins are the only one that have remained positive despite the losses in other markets.
Cap coins for small amounts are the best!
Recent market turmoil has seen an unexpected winner emerge from the chaos. Altcoins with smaller market capitals than their bigger counterparts make up the Small Cap Index. However, they have performed in unexpected times and are still outperforming the market. These results are evident as evidenced by the past two weeks.
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The larger cap coins experienced major losses while the small caps altcoins rebounded. The gains of WAVES (an altcoin that has seen 56% growth in just two weeks) were the main reason for this rally. These gains helped propel the Small Cap Index to profit, while other markets saw declines.
However, the Bitcoin Index did better than other large-cap digital assets. It suffered some losses but it also saw only 8% losses over the same period, which is the lowest of the Large Cap coins.
The total market capital is $1.75 trillion. Source: TradingView.com Crypto Total Market Capital| Source: Crypto Total Market Cap on TradingView.com
Large Cap Index was also following the downtrend in bitcoin. This index experienced a 9% drop in its value over the past 2 weeks and had the second-highest number of negative returns.
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This index was the worst performing Mid Cap Index. This index suffered losses of 13% within the first two weeks March.
This is the most unusual thing about the Small Cap Index. It outperforms larger cap indexes when there’s a downturn. Although it’s happened, it was rare enough to make it an extraordinary feat. The index is now in profit and the bigger indexes are losing.
Featured image taken from Republic World chart by TradingView.com
