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Altcoin performance divergence amid BTC correction
Low and mid-cap altcoins continue to struggle during Bitcoin's correction. This chart compares the market cap growth of Bitcoin, large-cap altcoins, and mid-small cap altcoins by analyzing the difference between their 365 DMA and 30 DMA. The gap between the 365 and 30 DMA market cap serves as a growth rate indicator. Mid and small-cap altcoins have now turned negative (-1%), signaling that this category is underperforming relative to the broader crypto market. While this is not unusual, historically, for those who view the current downturn as a temporary correction, such conditions have often presented attractive buying opportunities for the mid to long term. Given this data, investors have two key strategies to consider : - Reallocate their portfolio accordingly - Capitalize on the underperformance by accumulating more