The best performing altcoins in recent history have been those with small caps. These smaller market capital cryptocurrencies still have higher gains than larger counterparts such as Bitcoin and Ethereum, even in a downtrend. These small cap altcoins continue to show profitability, proving their viability once again by outperforming the rest of market.
Altcoins of Small Capacity Stay in the Lead
In the previous week, only small-cap altcoins returned profit while others were drowning in losses. The trend has been repeated this week. It remains the only index that is in the red, with all other indexes following its lead. This small-cap altcoin usually helps to boost a tight-knit group of supporters, which can often explain the steady gains.
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These indexes’ monthly performance is stark when compared side-by-side. The Small Cap Index, for example, has seen a rise in monthly returns, with as much as 17% of positive returns. The other indexes that include cryptocurrencies with larger market capitals haven’t been able record similar returns and all fell within the same period.
Small Cap Index has the highest green percentage | Source: Arcane Research
After hovering at 0% in the days prior to March 16, this index rose as high as it did. At this point, the Small Cap Index started to show signs of life and became the sole index that was in green.
These are the results of The Bigger Indexes
It is clear that the Bitcoin, Mid and Large Cap Indexes are the most popular investments of recent years. These indexes have all remained negative despite a modest recovery in market prices. The indexes remain below the profit mark for much of the year making them less appealing investment options than the smaller cap altcoins.
Source: Crypto Total Market Cap on TradingView.com| Source: Crypto Total Market Cap on TradingView.com
Bitcoin is in a downward trend and has one of the largest loss margins of all the indexes. Along with its Small Cap Index counterpart which saw negative returns at -%5, it suffered losses of 5%.
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Although the Large Cap Index did better than Bitcoin or Mid Cap it didn’t reach the profit threshold. With -3% over the last month, it remains in red.
Ethereum, however, has performed well and has increased by 11% since it was first introduced to the market. The ETHBTC now stands at 0.07, which is a significant improvement on Bitcoin.
Featured image by Coinlib. Chart by TradingView.com
