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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Small Cap Altcoins Have Outperformed Bitcoin By 5x in 2020

Tony "The Bull" Severino
Tony "The Bull" Severino
4 years ago
3 mins read
crypto altcoins bitcoin

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Over the last several years of crypto bear market, Bitcoin has vastly outperformed altcoins of all types. However, now that the first half of the year is in the books, data shows that alts have shined compared to Bitcoin in 2020.

In fact, small-cap altcoins alone have grown by five times as much as BTCUSD over the last six months of 2020.

First Half of 2020 Closes With Strong Crypto Performance, Despite Pandemic

2020 has been an unusual year, both for the world and for the crypto market. People everywhere are dealing with an outbreak that is spiraling out of control. Life has been changed for the long term.

The initial onset of fear and uncertainty the pandemic brought about, caused a major collapse in all markets, including crypto. All signs had been pointing to a new long-term uptrend forming in the asset class.

But Black Thursday set valuations backs months. A strong recovery has brought Bitcoin back to former resistance, but it has been thus far been unable to break $10,000.

Related Reading | Ongoing Crypto “Alt Season” Might Spark a Much Bigger Rally in 2021: Analyst

Meanwhile, altcoins across the market are surging, setting new all-time high price records and rallying while Bitcoin stagnates.

The first-ever cryptocurrency has been trading sideways for months, which is ideal conditions for alts to thrive. Boredom during consolidation and constant shakeouts sends trader to the sidelines or towards greener pastures.

Many BTC holders sitting in profit may be taking capital and putting it into altcoins, causing them to surge.

Even the market’s worst performers, such as XRP, are starting to show signs of life once again.

And although even large-cap crypto assets like XRP, and mid-cap alts like Chainlink are exploding in value, it’s small-cap altcoins that are really shining.

 

bitcoin small cap altcoins

Small-Cap Altcoins Outshine Bitcoin By Five Times in H1 2020

Data from the first half of the year of cryptocurrency market price action shows how Bitcoin stacks up against small, mid, and large-cap altcoins.

According to intel from Arcane Research, Bitcoin grew by 27% in H1 2020. Meanwhile, large-cap alts like Ethereum, XRP, and Litecoin grew by 29%.

In the same timeframe, mid-cap alts such as VeChain or Dogecoin have nearly doubled Bitcoin’s growth at 54%. However, it’s small-cap altcoins that significantly outperformed Bitcoin.

The small-cap index grew by a staggering 141%, or over five times more growth than Bitcoin’s meager 27%.

Related Reading | Alt Season: Search Volume Surges On Google Trends

The growth is fueled both by a fall in BTC dominance, and several small-cap altcoins setting new all-time highs recently.

These low liquidity crypto assets take far less capital to move the needle, causing them to break out from downtrend resistance ahead of other crypto assets.

This type of price action is all said to be part of a greater crypto market cycle. Profit-taking in BTC rallies moves into small-cap altcoins. Once gains have been realized, profits flow into mid-caps, then large-cap altcoins as we are now seeing with XRP.

Once large-cap altcoins pump, it’ll be Bitcoin’s time to shine once again. For now, or at least during the first half of the year, the best investments were small-cap alts.

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Tony "The Bull" Severino
Tony "The Bull" Severino

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

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Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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