During the January crypto derisking carnage, it seems small cap altcoins have come out as the losers as they look to end the month 35% in the red. Small Cap Altcoins Suffer The Largest Losses In January Bloodbath As per the latest weekly report from Arcane Research, it looks like the smaller the coins, the greater have been their losses during the January carnage. Based on the market cap of each crypto, all the coins can be put into different groups. These “market cap weighted indexes” include mainly three divisions, the “large cap index,” the “mid cap index,” and the “small cap index.” The below chart shows how all these major altcoin indexes performed over the month of January as compared to Bitcoin: Bitcoin seems to have been the crypto that has lost the least this month | Source: The Arcane Research Weekly Update - Week 3 As you can see in the above graph, all the altcoin indexes have observed double digit losses in the month of January so far. While the other indexes have registered returns in the negative 20s, the small cap index has been even deeper in the red, observing losses of around 35%, making the index the clear loser for the month. Related Reading | Bitcoin Whales Take Advantage Of Market Crash To Gobble Up Millions In BTC Trailing the small cap index are the mid cap and large cap cryptos, both approaching the end of the month with 28% losses. Bitcoin has...
XRP Price Prediction For 24 November
