Top 5 Hottest Small/Mid-Cap Cryptos of 2024: CoinLedger Report
2024 has seen big growth in the crypto market, with over 44% growth so far this year. The market might even pass the $3 trillion peak set in 2021. While big names like Bitcoin (BTC) and Ethereum (ETH) get a lot of attention, small and mid-cap cryptocurrencies are also catching investor interest.
CoinLedger looked at data from over 500,000 crypto investors and found the top five most-bought small/mid-cap cryptocurrencies this year:
1️⃣ Render (RNDR)
2️⃣ Fetch.ai (FET)
3️⃣ Internet Computer (ICP)
4️⃣ Injective (INJ)
5️⃣ Hedera (HBAR)
Render and Fetch.ai have surged 48% and 113% YTD, likely due to interest around GPU giant Nvidia and AI. RNDR now has a $2.5 billion market cap, and FET has a $3.6 billion valuation.
Most Sold Cryptocurrencies of 2024
While small/mid-cap cryptos are being bought up, big-cap digital assets have seen a lot of selling. The most sold cryptocurrencies this year are:
Bitcoin (BTC)
Ethereum (ETH)
Solana (SOL)
Cardano (ADA)
Ripple (XRP)
Many investors took profits when Bitcoin hit a new all-time high in March, and Ethereum came close to its previous highs. Solana's ecosystem has become popular for meme tokens, leading to high selloff volumes.
Stay tuned for more crypto sights! 👍
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