‼️cryptocurrencies with figures and stats that might face challenges in 2024‼️
1. SAFEMOON: Despite reaching a peak market capitalization of over $4 billion in May 2021, Safemoon's value has since declined significantly, with its market cap now hovering around $500 million. Its trading volume has also decreased from highs of over $1 billion to around $50 million, indicating declining investor interest and liquidity.
2. EverGrow (EGC): EverGrow experienced a surge in value upon its launch, reaching a market capitalization of over $100 million within weeks. However, its market cap has since plummeted to around $10 million as skepticism grew regarding its sustainability and tokenomics. Daily trading volume has similarly dropped from millions to tens of thousands of dollars.
3. FEG Token: FEG Token saw rapid growth in its market capitalization, surpassing $1 billion at its peak. However, concerns about its deflationary mechanisms and susceptibility to price manipulation have led to a decline in market cap to around $300 million. Daily trading volume has decreased from highs of over $100 million to around $10 million.
4. SAFEMARS: SafeMars achieved a market capitalization of over $100 million shortly after its launch, fueled by hype surrounding its redistribution mechanism. However, its market cap has since dwindled to around $10 million as interest waned and concerns about its sustainability emerged. Daily trading volume has dropped from millions to thousands of dollars.
5. ELONGATE: ElonGate gained popularity with a market capitalization of over $200 million, driven by its philanthropic initiatives and community support. However, its market cap has declined to around $50 million amidst regulatory scrutiny and questions about its long-term viability. Daily trading volume has decreased from tens of millions to single-digit millions.
These cryptocurrencies, while initially capturing investor attention, have seen significant declines in market capitalization and trading volume, indicating challenges in maintaining momentum and sustaining growth.