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Recently the crypto market has been seen recovering from its lows where small cap altcoins performed better than large cap one
Several reports confirmed that the index of Small Cap altcoins has outperformed the coins with larger caps. It turns out that small caps seemed to be a better investment than those with larger caps. Recently the gains recorded in the overall crypto market out of which large caps are now in the resting phase while smaller caps are still moving.
In this phase the overall crypto market is in relief mode, small caps are outperforming the larger caps even with recent slight gains during March, as per the Arcane Research weekly report. As the data shows that bitcoin, large cap, and mid cap indexes, all have seen gains this month with gains in the range of 8 to 11%, but surprisingly the small cap index has left all three ways behind with its massive gains of approx 40%.
Yes, indicators keep bitcoin also a distinct measuring index apart from large and mid cap indices. Under the mentioned massive gains by small cap players, few have lead characters amongst them. For instance, the Waves token has entered the top 50 cryptocurrencies zone due to its significant performance lately. So that so, the growth of waves has taken into account a more than 300% increase in its price since the past month.
As far as Waves is concerned, it’s an open-source global platform for decentralized applications. In recent times, it has shown some outstanding performances in terms of its price, for instance, which once rallied up to 50% in just 24 hours time span. That instance happened around the time of Waves Labs’ launch, it’s a venture in the US that was intended to be headquartered in Miami. As the data showed, in past weeks the token came as the best performing digital asset among the top 50 by market cap.
A press release from Wave Labs stated that the venture aims to integrate the waves platform with some of the leading blockchain protocols to form an Ecosystem fund, support projects development on Waves, and several other strategic plans on the international level that are aimed to become the main component of growth engine required to boost up the Waves ecosystem that could help it reach to mass adoption.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
