Small Cap Altcoins Take April Shower, Will May Bring New Growth?

Bitcoin’s decline in the last week of April has been felt around the market but altcoins have taken the biggest hit of all. More specifically, Small Cap altcoins have been on the receiving end of this decline. Even as the end of the month draws to a close, these altcoins have yet to get a reprieve from this decline. However, the month of May could prove to be better for these small market cap coins given that recoveries tend to come after the worst declines. Small Cap Altcoins Take The Heat All of the indexes have had a bad month in April but the Small Cap Index has suffered the most of this. The index has surpassed the losses garnered by the other indexes this month by at least a 12% margin. The other three indexes which are considerably larger than this index have fared much better in this regard. Related Reading | TA: Bitcoin Resumes Downtrend, Why Upsides Remain Capped This Small Cap Index, coming out of a highly successful month of March, took a significant nosedive at the start of the month and has maintained that downtrend since then. By the end of April, the losses in this index have grown as high as -28% in this time. This is a normal phenomenon, however, as the Small Cap Index is known to perform very badly during poor market conditions. The performance seen by the index in the month of May had been an outlier. Small cap index suffer losses | Source: Arcane Research For the other indexes, some have fared be...