Small Cap Tokens Driving the Pump
Besides the contributions of Bitcoin in driving the bulk trend currently witnessed in the crypto market, small-cap tokens are also a major contributor.
According to Stephane Ouellette, CEO of FRNT Financial, small-cap cryptocurrencies have been crucial for the bullish trend the market is experiencing. Most of these small-cap tokens came from well-planned projects with great utility, leading to many investors trying to profit from them.
Crypto stocks are not left behind in this new trajectory of the market. Many reports and data show that many stocks from crypto firms have been increasing in value in the stock market. According to data provided by Nasdaq, MicroStrategy fell about 0.7%, which is pretty good, Silvergate rose 1.3%, and Coinbase dropped a little bit too.
