![Haru Invest](https://cryptoslate.com/wp-content/uploads/2022/11/haru_invest_img_a139_trust_strg_crpslate_600x500.jpg)
Over the previous seven days, mid-cap altcoins have outperformed large-cap and small-cap tokens by some margin in comparison with Bitcoin.
Consequently, Bitcoin’s dominance has fallen to 40% from a excessive of 45% on Nov. 17.
![btc dominance](https://cryptoslate.com/wp-content/uploads/2022/11/Screenshot-2022-11-25-124441-1024x540.jpg)
Tasks with a market cap above $1 billion are thought-about large-cap, whereas mid-caps are these with a market cap between $100 million and $1 billion. Small-caps are initiatives beneath $100 million however above $50 million.
The Glassnode graph beneath charts the expansion of the above market cap groupings towards Bitcoin. Mid-caps have gained virtually 4% towards Bitcoin, whereas large-caps have remained impartial, and small-caps misplaced round 2%.
![market cap groupings](https://cryptoslate.com/wp-content/uploads/2022/11/image-41.png)
With a market cap of practically $50 billion, BNB Chain is taken into account a large-cap token. Amongst a fairly impartial return for L1s over the previous seven days, BNB has dramatically outperformed the market in comparison with Bitcoin. BNB posted roughly 14% good points on Bitcoin following a surge in value on Nov. 22.
![bnb v L1](https://cryptoslate.com/wp-content/uploads/2022/11/image-42.png)
Since Oct. 23, BNB has been up 31% towards Bitcoin and 12% when denominated in USD. Additional, BNB’s market dominance hit an all-time excessive on Nov. 23 because it made up over 6% of the overall market cap of the crypto trade.
![bnb dominance](https://cryptoslate.com/wp-content/uploads/2022/11/Screenshot-2022-11-25-131554.jpg)