Mid-cap tokens outperform Bitcoin over past 7 days as BNB hits 6% market dominance

Over the past 7 days, mid-cap altcoins person outperformed large-cap and small-cap tokens by immoderate borderline compared to Bitcoin.

As a result, Bitcoin’s dominance has fallen to 40%  from a precocious of 45% connected Nov. 17.

Source: TradingView

Projects with a marketplace headdress supra $1 cardinal are considered large-cap, portion mid-caps are those with a marketplace headdress betwixt $100 cardinal and $1 billion. Small-caps are projects beneath $100 cardinal but supra $50 million.

The Glassnode graph beneath charts the maturation of the supra marketplace headdress groupings against Bitcoin. Mid-caps person gained astir 4% against Bitcoin, portion large-caps person remained neutral, and small-caps mislaid astir 2%.

Source: Glassnode

With a marketplace headdress of astir $50 billion, BNB Chain is considered a large-cap token. Among a reasonably neutral instrumentality for L1s implicit the past 7 days, BNB has dramatically outperformed the marketplace compared to Bitcoin. BNB posted astir 14% gains connected Bitcoin pursuing a surge successful terms connected Nov. 22.

Source: Glassnode

Since Oct. 23, BNB has been up 31% against Bitcoin and 12% erstwhile denominated successful USD. Further, BNB’s marketplace dominance deed an all-time precocious connected Nov. 23 arsenic it made up implicit 6% of the full marketplace headdress of the crypto industry.

Source: TradingView

The station Mid-cap tokens outperform Bitcoin implicit past 7 days arsenic BNB hits 6% marketplace dominance appeared archetypal connected CryptoSlate.