Data shows mid-cap altcoins have crushed Bitcoin and Ethereum in the month of August as their returns reach almost 60%. Mid-Cap Altcoin Index Ahead of Bitcoin And Ethereum As per the latest report from Arcane Research, the cryptocurrency market has seen a great month overall as indexes retain most of their gains till the monthly close. The great month is despite the boring last week where many coins have produced flat numbers. Bitcoin, however, has been fairly quiet in the month, and altcoins have surely taken advantage of the fact. Here is a table that shows the weekly percentage change of the total market capitalization of the major cryptocurrencies: The total market capitalization of the various cryptos | Source: The Arcane Research Weekly Update - Week 34 As the table shows, not only Bitcoin (down 0.26%) and Ethereum (up 0.29%), but most of the crypto market published similar low percentage changes in the last week of August. Related Reading | Stablecoins Reserve Hits A New ATH, What Does It Mean For Bitcoin’s Price? Now, here is a chart that reveals how the market capitalization of various indexes has changed in the past month: Mid-cap altcoins seem to be leading in monthly performance | Source: The Arcane Research Weekly Update - Week 34 On examining the graph, it becomes apparent that mid-cap cryptocurrencies started August strong, and surpassed all other indexes by the middle of the month. These co...
