The appropriate benchmark or comparison for price performance of VALOR can be the index of other cryptocurrencies issued by companies or projects of similar size. The example of such index is MVIS by CryptoComparea Digital Assets 100 Small-Cap Index. It is a market cap-weighted index which tracks the performance of the 50 smaller digital assets in the MVIS CryptoCompare Digital Assets 100 Index. 

The year-to-date (YTD) performance of the 50 companies and projects in this segment is +28% for the period 1 January to 13 November 2020. For the same period VALOR price performance is +75%. This means that VALOR outperformed its market segment by multiple 3 this year.