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Author: Best Owie

Small Cap Altcoins Continue To March Ahead Of Bitcoin And Ether Gains

Small cap altcoins have been one of the best performers in recent times. Even through the downtrend, these low market cap cryptocurrencies have returned better gains compared to their bigger counterparts like Bitcoin and Ethereum. They have carried this performance into another week as small cap altcoins show their profitability once more by being ahead while the rest of the market suffers. Small Cap Altcoins Stays In The Lead The previous week, small cap altcoins had been the only index returning profits while all others have been drowning in losses. It has continued this week as it remains the only index in the green with other indexes languishing in its wake. These small cap altcoins usually boost a small yet tight-knit community of supporters which often explains the consistent gains. Related Reading | LUNA to Spike 80%? Here’s What Analysts Think The monthly performances of these indexes are stark when placed side-by-side. For example, the Small Cap Index has been on the rise for the month, reaching as high as 17% in positive returns this month. However, the other indexes which consist of cryptocurrencies with much larger market caps have not been able to record the same returns, all down in the same time period. Small Cap Index is the only one in the green | Source: Arcane Research This index climbed as high as this after hovering around 0% for the days leading up to March 16th. It was at this point that the Small Cap Index had begun to pick up momentum, becoming the only index in the green. How The Bigger Indexes Have Performed Looking at the Bitcoin, Mid, and Large Cap indexes, it is obvious that smaller altcoins have been the best investment in recent times. All of these have remained in the red even after a small recovery that was recorded recently in the market. These indexes have remained below the mark of profit for the better part of the year, making them a less attractive investment option compared to the small cap altcoins. Crypto market at $1.8 trillion | Source: Crypto Total Market Cap on TradingView.com Bitcoin has been on a downtrend, recording one of the highest loss margins for all of the indexes. It recorded 5% losses alongside its counterpart, the Small Cap Index, which also saw returns in the negative at -%5. Related Reading | HubSpot Hack Results In Data Breach Of Major Companies Like Circle And BlockFi As for the Large Cap Index, it performed a bit better compared to Bitcoin and Mid Cap but still did not make it into the profit territory. It also remains in the red region with -3% recorded over the past month. Ethereum however has been one of the strongest performers and has since its market dominance gone up by1% over the past week. Relative to Bitcoin, the ETHBTC is now back above 0.07. Featured image from Coinlib, chart from TradingView.com

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Small Cap Altcoins In The Green In Pre-Spring Crypto Surge

Author: Best Owie

United Kingdom

Source: NewsBTC

Mar 17, 2022 12:10

Small Cap Altcoins In The Green In Pre-Spring Crypto Surge

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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Data Says Bitcoin Holds Up To Macro Turmoil Better Than Altcoins

Author: Best Owie

United Kingdom

Source: NewsBTC

Feb 24, 2022 12:15

Data Says Bitcoin Holds Up To Macro Turmoil Better Than Altcoins

Bitcoin has not had the best couple of things and altcoins have been subjected to the same fate too. The market has continued to succumb to pressure being mounted by various social issues, from the Canada protests to the brewing conflict between Ukraine and Russia. In all of this, however, bitcoin has mounted better resistance and this is apparent in the data. Bitcoin Holds Ahead Of Indexes Bitcoin has once again proven to be the best bet when the market is in turmoil. With the recent downtrend, all of the indexes have suffered, just like bitcoin, but the latter has held up better in the face of adversity. While some of the indexes have recorded double-digit losses, BTC remains the top performer with only a 4% loss, a small value given that the net best-performing index saw losses twice as large. Related Reading | Bearish Signal: Ethereum Exchange Balances Touch 3-Month High The Large Cap Index which is known for holding up to macro turmoil and usually seen as a safe haven for investors returned 8% in losses, double that of bitcoin. As for the Mid Cap Index, there was more bad news to be had with losses running into the double-digits. In total, this index which comprises some fast-rising projects in the crypto space saw 14% losses. BTC ahead of indexes in monthly performance | Source: Arcane Research The Small Cap Index is naturally the worst-performing candidate in times like these. These altcoins that are still carving a niche out for themselves always get hit the hardest, losing more than twice the value lose by lead digital assets. This time around, the index was on par with the Mid Cap Index, once again returning 14% in losses as of February 2022. Stablecoins Hold The Market As mentioned above, the Small Cap Index was among the worst hit in the market. The altcoins which make up these indexes are usually the smallest coins and thus, the riskiest plays given that in times of slight-to-safety periods, investors tend to move holdings to the bigger coins to reduce their risk in the market. This flight-to-safety has seen investors moving to assets like bitcoin and those in the Large Cap Index. However, the obvious winner of this market is the stablecoins which have continued to gain market share. Related Reading | TA: Bitcoin Recovery Halts, Technicals Suggest Fresh Decline To $36K These stablecoins which are pegged to the US dollar and are not as volatile as the rest of the market have presented a safe haven for investors who want to ride out the market but do not yet want to convert their holdings to fiat. With this move, stablecoins are now dominating a larger market share as three assets are now in the top 10 cryptocurrencies by market cap, namely USDT, USDC, and BUSD. Together, these three digital assets now account for 9% of the total crypto market cap. BTC trending at $39,000 | Source: BTCUSD on TradingView.com Featured image from US News Money, charts from Arcane Research and TradingView.com

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Crypto Market Bloodbath Creates Largest Stretch Of Fear Since April Peak

Author: Eduardo Próspero

United Kingdom

Source: NewsBTC

Dec 15, 2021 08:31

Crypto Market Bloodbath Creates Largest Stretch Of Fear Since April Peak

As the downtrend in the crypto market continues, so does extreme fear. What’s inspiring the sell-off? Is it Omicron? Or is it Evergrande? Is it a conspiracy? Or is it the holidays? All those questions and more have had the Fear and Greed Index pointing left for a month straight. What does this mean? Where do we go from here? That’s what we’re here to explore. Related Reading | Blood In The Streets: Crypto Market Becomes Fearful As Bitcoin Dives But first, let’s talk about the Fear and Greed Index. One of the many Bitcoin indicators, it measures the market’s general sentiment at the moment. Zero is extreme Fear. A hundred is extreme Greed. And the indicator oscillates between those two at any given time. It’s been said that the crypto market is very emotional. The Fear and Greed Index is there to keep investors from making irrational decisions based on sentiment alone. Fear And Greed Index shows Extreme Fear | Source: Arcane Research’s The Weekly Update What’s The Fear And Greed Index Saying Now? According to Arcane Research’s The Weekly Update, fear has settled in: “The Fear and Greed Index has now signaled “Fear” or “Extreme Fear” for almost one month straight. The last time we saw such a prolonged fearful market sentiment was at the beginning of the summer when the market sentiment was fearful for more than two months straight. With the sustained consolidation of bitcoin, the late autumn euphoria has dampened, and the overall sentiment seems very negative at the moment.” The report also says that, “during steady sell-offs, bitcoin tends to outperform the overall crypto market.” And this time was no exception, BTC “outperformed all indexes so far in December, seeing a negative return of -18% after a relatively flat second week of trading this month.” On the other hand, “the Small Cap index has seen a loss of nearly a third of its value in December.“ What does this mean in general? “The bitcoin dominance has risen by 1.13% in the last week. This is the third time we’re seeing bitcoin dominance bottom at 40% in 2021. The last two times were May 19th and Sep 13th. It seems that the 40% threshold is a difficult area for alts to sustain” BTC price chart for 12/15/2021 on Eightcap | Source: BTC/USD on TradingView.com What Can We Expect In The Future? To get our dose of technical and on-chain analysis, let’s give the mic to this month’s Fear & Greed Newsletter: “A major factor here is the cycle support band. We cannot ignore the fact that Bitcoin had just closed 2 consecutive weeks below the market support band. Historically, this meant that we’d see a longer consolidation phase before we could have a true reversal in the trend. The takeaway here is this, as long as Bitcoin closes the week below the cycle support band, we shouldn’t expect any major breakout in price to take place.” Every dog has its day, though. A week ago, analyzing a very similar market sentiment, NewsBTC informed you: “A “Fear and Greed” Index on Extreme Fear levels, according to certain analysts, has historically preceded crypto market local bottoms. However, a run into new highs could see an obstacle as the macro-economic outlook turn complex.” Related Reading | Bitcoin Price Bloodbath: Is El Salvador A “Sell The News” Event? It’s also important to remember that only two months ago, we were in a similar situation and the sentiment did a complete 180 in a matter of weeks. “The indicator dipped all the way down to extreme fear on 30th September, but in under two weeks the sentiment has already rebounded back to extreme greed. The report notes that this shows how fast the sentiment can change among the crypto market.” With that being said, and a disclaimer that this isn’t financial advice, in a situation like this there’s only one thing we could say… hodl the line! Featured Image: PublicDomainPictures on Pixabay| Charts by TradingView

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