Key Takeaway:
– CoinLedger report highlights the top small/mid-cap cryptocurrencies bought and sold in 2024.
– Cryptocurrency market experiencing significant growth, with potential to surpass previous highs.
– Interest in both major cryptocurrencies like Bitcoin and Ethereum, as well as smaller market cap assets.
– Top five most bought cryptocurrencies include RNDR, FET, ICP, INJ, and HBAR.
– Significant gains observed in RNDR and FET YTD.
– Large-cap cryptocurrencies like Bitcoin, Ethereum, SOL, ADA, and XRP among most sold virtual currencies in 2024.
Top Small/Mid-Cap Cryptocurrencies of 2024
A recent CoinLedger report analyzed the most bought small to mid-cap cryptocurrencies in 2024, revealing the top five assets attracting investor interest. Render, Fetch.ai, Internet Computer, Injective, and Hedera emerged as the top choices for investors looking beyond traditional cryptocurrencies like BTC and ETH. Among these, RNDR and FET have seen substantial YTD growth, potentially driven by factors like GPU technology and artificial intelligence innovation.
Most Sold Cryptocurrencies in 2024
On the flip side, despite overall growth in the cryptocurrency market, large-cap digital assets like Bitcoin and Ethereum have experienced high selling volumes in 2024. This trend can be attributed to profit-taking strategies by investors following market rallies. Notably, Solana, Cardano, and Ripple are also among the most sold virtual currencies, indicating a mix of profit realization and market dynamics influencing investor behavior.
