In the above graph, all the altcoins have been separated into different “indexes” based on their market capitalization.
The three categories include the large-cap index, the mid-cap index, and the small-cap index. The various coins fall into these divisions depending on where their market cap stands, and their gains as a whole are considered in the chart.
Bitcoin’s market share is now around 39.5%, which is the lowest it has been in almost three years. It now remains to be seen whether the crypto’s underperformance will come to an end soon, or if 2022 is going to be like 2021 all over again, with altcoins thriving.
At the time of writing, Bitcoin’s price floats around $46.2k, down 3% in the last seven days. Over the past month, the crypto has lost 6% in value.
Here is a chart that shows the trend in the price of the crypto in the last five days: