Hey kids! Want to know what's happening in the world of cryptocurrency? It's like a big playground with different digital coins. Some are popular and big (like Bitcoin!), and some are smaller and newer. Recently, the smaller coins haven't been doing so well.
- Smaller cryptocurrencies haven't grown much in value lately.
- Bigger cryptocurrencies have performed much better.
- This is similar to what happens with stocks – bigger companies often do better.
- It might be because people prefer investing in well-known and established cryptocurrencies.
| Index | Performance since October 4, 2022 |
|---|---|
| CoinDesk 20 (biggest cryptos) | Up 320% |
| CoinDesk 80 (smaller cryptos) | Down 3% |
So, while some smaller cryptocurrencies are well-known, people seem to be sticking with the bigger, more established ones for now. It's a bit like choosing the familiar candy bar over the new one you've never tried!
