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Top 7 Key Points from CoinGecko's 2024 Q1 Crypto Industry Report: 1. Bitcoin soars: Bitcoin jumped 68.8% in Q1 2024, reaching a record high of $73,098. 2. Bitcoin ETFs surge: By April 2, US Spot Bitcoin ETFs amassed over $55.1 billion in AUM. 3. Ethereum's restaking: EigenLayer's Ethereum restaking hit 4.3 million ETH, marking a quarterly growth of 36%. 4. Solana memecoins boom: Top 10 Solana memecoins gained $8.32 billion in market cap during Q1. 5. NFT trading volume: Top 10 NFT marketplaces saw trading volumes of $4.7 billion in Q1, with Magic Eden taking the lead in market share. 6. CEX trading volume: Centralized exchanges reached a spot trading volume of $4.29 trillion, the highest since Q4 2021. 7. DEX market share: Ethereum's DEX trading volume share fell below 40% as other chains gained more interest.

Top 7 Key Points from CoinGecko's 2024 Q1 Crypto Industry Report:

1. Bitcoin soars: Bitcoin jumped 68.8% in Q1 2024, reaching a record high of $73,098.

2. Bitcoin ETFs surge: By April 2, US Spot Bitcoin ETFs amassed over $55.1 billion in AUM.

3. Ethereum's restaking: EigenLayer's Ethereum restaking hit 4.3 million ETH, marking a quarterly growth of 36%.

4. Solana memecoins boom: Top 10 Solana memecoins gained $8.32 billion in market cap during Q1.

5. NFT trading volume: Top 10 NFT marketplaces saw trading volumes of $4.7 billion in Q1, with Magic Eden taking the lead in market share.

6. CEX trading volume: Centralized exchanges reached a spot trading volume of $4.29 trillion, the highest since Q4 2021.

7. DEX market share: Ethereum's DEX trading volume share fell below 40% as other chains gained more interest.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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3 Oversold Layer 2 Altcoins to Buy as June’s Crypto Rally Beckons 1. Polygon (MATIC) Polygon enhances Ethereum by improving its scalability and reducing transaction costs through sidechains. This leads to faster and cheaper transactions. Recently, Polygon’s price has dropped by 8% over the past month and 1% in the last 24 hours, now sitting at $0.602. Despite the decline, it remains within the top 20 cryptocurrencies by market cap, valued at $5.95 billion. The current dip in price presents a good opportunity for investors, given Polygon's key role in reducing Ethereum’s fees and its strong adoption. --- 2. Immutable (IMX) Immutable is a Layer 2 protocol focused on scaling NFTs on Ethereum, offering faster and cheaper transactions for NFTs. The token has dropped 27% over the past month and 14% in the last week, now priced at $1.76. Its market cap is $2.6 billion, placing it 39th on CoinMarketCap. Given the growing interest in NFTs, Immutable's platform is well-positioned for growth, making the current price drop an attractive buying opportunity. --- 3. Arbitrum (ARB) Arbitrum improves Ethereum’s transaction speed and reduces costs using optimistic rollups. This makes transactions faster and cheaper while maintaining security. Arbitrum’s token has seen a 2.21% drop in the last 24 hours and a 7% fall over the past week, now at $0.9285. It has a market cap of $2.6 billion, ranking 38th on CoinMarketCap. As Ethereum's usage increases, the need for efficient scaling solutions like Arbitrum grows, making the current undervaluation a potential buying opportunity.
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Top 5 Altcoins to Hold Until Bitcoin Skyrockets to $150,000 1. Toncoin (TON) - Overview: Powered by Telegram, Toncoin offers a scalable, low-fee, high-speed blockchain solution. - Current Value: $7.92, reflecting a recent 5% increase. Market cap: $19.27 billion. - Growth: Surged by 425% in the past year and 19% in the past month. 2. Solana (SOL) - Overview: An open-source blockchain project supporting DeFi and DApps with high throughput. - Current Value: $144, with an 855% increase over the past year. - Position: A leading Layer 1 platform, demonstrating strong growth in Total Value Locked (TVL). 3. Sui (SUI) - Overview: A Layer 1 blockchain focusing on speed, security, and ease of use in digital asset management. - Current Value: $0.9705, with strong market interest despite recent downturns. - Growth: Notable for its prominence in the DeFi sector and rapid rise in TVL. 4. Injective (INJ) - Overview: A blockchain platform for DeFi applications, including trading exchanges and prediction markets. - Current Value: $27.50, despite a recent 5% decline. - Innovation: Introduced the CW-404 standard, enhancing its competitive edge in DeFi. 5. TRON (TRX) - Overview: A platform making significant strides in the decentralized entertainment sector. - Current Value: $0.1165, with an 81% increase over the past year. - Position: Strong growth in TVL, placing it among the top contenders in DeFi.
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