Well-known reporter and cryptocurrency market expert Colin Wu shared interesting statistics. The specialist noted that he and his team immediately counted 37 tokens, among the top 100 digital currencies by maximum market value, which fell in price in 2024. The analyst emphasized that such results were observed despite the growth in quotations of the 2 leading assets – bitcoin (BTC) and ether (ETH).
According to Colin Wu, since January 1, 2024, BTC has risen in price by 48.9%, and the value of ETH has increased by 36.4%.. However, some altcoins have lost quite significant amounts. So, for example, StarkNet (STRK) quotes have already fallen by 50%. Ordinals (ORDI) prices fell by 45%. Cryptocurrency Elrond (EGLD) became cheaper by 41%, Mina (MINA) by 38%, Bitcoin SV (BSV) by 37%, Arbitrum (ARB) by 31%, and finally, Injective (INJ) with Polygon (MATIC) lost 28% and 27% respectively.
According to data as of April 27, the cost of the Bitcoin cryptocurrency (BTC) is $62,960. This figure has lost 10.3% over the past 30 days. The asset's market capitalization dropped to $1.239 trillion, and weekly transaction volumes on the spot market amounted to $166.59 billion.
As for Ethereum (ETH), its price dropped by 0.2% over the past 24 hours. You can purchase a digital asset for $3,130, and the total supply of coins on the market is $382.2 billion. Note that some cryptocurrencies, on the contrary, have risen in price significantly since the beginning of this year.
For example, Binance Coin (BNB) quotes rose by 87.8%, and Toncoin (TON) soared in price by 126.8%. In addition, the rate of Solana (SOL) has increased significantly, which is trading 35% more expensive than in early January. At the same time, its value fell by almost 27% in April 2024 alone.
Meme-cryptocurrencies also showed excellent results. Dogecoin (DOGE) has risen in price by 61.8% since the beginning of this year. At the same time, Shiba Inu (SHIB) pleased its holders even more. Its quotes soared by 135.6%.
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