According to BlockBeats, on November 28, CryptoQuant CEO Ki Young Ju wrote that Bitcoin's market share is unlikely to decline rapidly given its growth rate. During the 37% increase in Bitcoin's market value, large-cap altcoins rose by 16%, while small- and medium-cap altcoins rose by 10%. The only time small- and medium-cap altcoins surpassed Bitcoin's market value growth was during the Meme Season in April.