![Mid-cap tokens outperform Bitcoin over past 7 days as BNB hits 6% market dominance](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/11/image_2022-11-25_184755743.png&w=70&h=37&q=75)
Mid-cap tokens outperform Bitcoin over past 7 days as BNB hits 6% market dominance
Tokens with a market cap between $100M and $1B have outperformed the market over the past 7days, according to data analyzed by CryptoSlate.
![Mid-cap tokens outperform Bitcoin over past 7 days as BNB hits 6% market dominance](https://cryptoslate.com/wp-content/uploads/2022/11/image_2022-11-25_184755743-768x403.png)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Over the past seven days, mid-cap altcoins have outperformed large-cap and small-cap tokens by some margin compared to Bitcoin.
As a result, Bitcoin’s dominance has fallen to 40%ย from a high of 45% on Nov. 17.
![btc dominance](https://cryptoslate.com/wp-content/uploads/2022/11/Screenshot-2022-11-25-124441-1024x540.jpg)
Projects with a market cap above $1 billion are considered large-cap, while mid-caps are those with a market cap between $100 million and $1 billion. Small-caps are projects below $100 million but above $50 million.
The Glassnode graph below charts the growth of the above market cap groupings against Bitcoin. Mid-caps have gained almost 4% against Bitcoin, while large-caps have remained neutral, and small-caps lost around 2%.
![market cap groupings](https://cryptoslate.com/wp-content/uploads/2022/11/image-41.png)
With a market cap of nearly $50 billion, BNB Chain is considered a large-cap token. Among a reasonably neutral return for L1s over the past seven days, BNB has dramatically outperformed the market compared to Bitcoin. BNB posted roughly 14% gains on Bitcoin following a surge in price 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% against Bitcoin and 12% when denominated in USD. Further, BNB’s market dominance hit an all-time high on Nov. 23 as it made up over 6% of the total market cap of the crypto industry.
![bnb dominance](https://cryptoslate.com/wp-content/uploads/2022/11/Screenshot-2022-11-25-131554.jpg)