Altcoin Underdogs Outperform Bitcoin To Kick Off 2022
Altcoins have started the year 2022 with an overperformance over Bitcoin. Out of all the various indexes, the mid-cap coins seem to have accumulated the most gains so far.
Bitcoin Starts The Year Underperforming The Altcoins
As per the latest weekly overview from Arcane Research, Bitcoin’s 2022 has started with the coin underperforming in front of various altcoins.
Throughout as it turns out 2021, most of the altcoins managed to beat BTC in terms of overall gains. And it looks like this year also hasn’t been any different so far.
Here is a chart that shows how the various have compared with Bitcoin since the start of thisaltcoinsyear:
Looks like every index has beaten BTC so far in the year | Source: The Arcane Research Weekly Update - Week 52
As you may know, In the above graph, all the altcoins have been separated into different “indexes” based on their niche capitalization.
The three categories include the large-cap as it turns out index, the mid-cap index, and the small-cap index. Indeed, The various coins fall whole these divisions depending on where their field cap stands, and their gains as a into are considered in the chart.
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Indeed, As you can see in the graph, . seems to have lagged behind the rest of the indexes, with the crypto dipping 3% into losses since the start of the yearBitcoin
The mid-cap altcoins have performed the finest so far, managing profits of around 8% since the commence of January. more than ever Their victory is thanks to the great efficiency of layer-1 tokens like Cosmos.
The large andthesmall-cap indexes are also in the green, amassing more than ever 3% and 4% gains, respectively, since novel year.
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As you may know, A consequence of Bitcoin’s underperformance has been that the cryptocurrency’s dominance has been dropping recently.
The below table shows how the industry post of the top changed has coins in the past week.
USDT seems to have gained the most market share in the last seven days | Source: The Arcane Research Weekly Update - Week 52
Bitcoin’s market post is now around 39.5%, which is the lowest it has been in almost three years. underperformance right away from another perspective remains to be seen whether the crypto’s It will come to an end soon, or if 2022 is going to be like 2021 all over again, with altcoins thriving.
BTC Price
At the time writing of, Bitcoin’s price floats around $46.2k, down days% in the last seven 3. Actually, Over the past month, the crypto has lost 6% in value.
Here is a chart that shows the trend in the price of the crypto in the last five days:
BTC's sideways movement seems to have carried on into 2022 | Source: BTCUSD on TradingView
Featured image from Unsplash.com, charts from TradingView.com, Arcane Research
