Small Cap Altcoins in the Green in the Pre-Spring Cryptocurrency Surge

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Cryptocurrency is characterized by its highly volatile nature, and while digital assets in this space continue to live up to that reputation, investors remain relentless. It is still one of the fastest growing financial markets in the world with forecasts of accelerated growth in the coming years. Recently, the space has slowed down significantly and as such has seen declining asset values.

Despite this, not all digital assets in the crypto space have suffered. Just as there are times when there is an exception to the rule, Small Cap altcoins proved to be the exception this time around. While the rest of the market has been posting losses, these Small Cap coins are the only index that has remained in the green.

Small cap coins take the cake

Recently, with the market crashing, there has been an unlikely winner emerging from all the turmoil. The Small Cap Index is filled with altcoins whose market caps are still very small compared to their larger counterparts. However, this did not stop them from overcoming in times when no one expected them. The last two weeks have been proof of that.

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While larger-cap coins took big losses, small-cap altcoins rallied. This is mainly due to gains made by a single altcoin, WAVES, which has posted gains of 56% in just the past two weeks. Gains from this digital asset boosted the rest of the Small Cap Index, putting them in profit while the rest of the market took losses.

The Bitcoin Index has outperformed the rest of the larger cap digital assets. While returning losses, it saw 8% of losses over the same time period, the smallest of these large-cap coins.

Total market cap at 1TP3Q1.75 trillion | Source: Crypto Total Market Cap on TradingView.com

The Large Cap Index has also followed bitcoin's bearish trend patterns. This index had 9% of reduction in its value in the last two weeks, registering the second largest negative return of all indices.

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As for the Mid Cap Index, it took the cake for the worst performing index. He saw 13% at losses in the first two weeks of March alone.

Small cap ratios outperforming larger cap ratios during downtrend times is about as unusual as it gets. While it did happen, it was few enough that it is an incredible feat for the index to be in profit while the larger indices fall into loss.

Featured image from Republic World, chart from TradingView.com