In the second quarter of 2024, the cryptocurrency market offered an accurate mixture of emerging novels and significant prices.
Despite a 14.4 % decrease in the total number of encryption markets, as it ended the quarter at $ 2.43 trillion, many sectors, such as coins, real world assets (RWA), artificial intelligence (AI), and decentralized physical infrastructure networks ( Dedin), stood up.
The dominant encryption novels In Q2 2024
Metal currencies continued the marketing of the marketWith accounts centered on the symbols titled “The Cat” climbing to the top of 15 encryption novels. Four out of 15 encryption novels that were discussed were linked to coins. It is worth noting that Blockchain ecosystem is like Solana (Sol)and ETHEREUM (ETH)The base remains, the ton is also prominent, with Solana The joint rule seizes 22.9 % of interest in the market.
Read more: 7 hot MIM currencies and cocoin that are heading in 2024
The lights also shine brightly on RWA and AI integration within Blockchain. Debine, a relatively new narrationAttention is attracted because it is necessary to revolutionize infrastructure by canceling the centrality of material assets, adding a layer of innovation to Blockchain applications.
Despite the general shrinkage in the market, these novels showed flexibility and growth. This shift indicates a change in investor preferences towards objective and speculative investments. Moreover, the annual total Volatility The encryption market increased by 48.2 %, which reflects continuous uncertainty and rapid transformations in investor morale.
“Projects such as RWA and DePin, which combine productive assets of the material world such as central processing units, graphics processing units, Wi -Fi routers, rush cameras, and personal weather stations in light of the leading DePin initiatives, are likely to follow a different path. Since this is this The projects are expanding in terms of users and adoption, their protocols must ripen to assessments that traditional investors find more understanding. It is possible to reach levels several times of the current levels. “
The COININACO report also discusses other prominent events in the fourth quarter of 2024. For example, Mount Gox and a guardian I started moving from 140,000 BTC and The German government began selling the seized bitcoinIn conjunction with sharp market reactions.
Moreover, Ethereum has seen an inflationary shift in Q2With a net addition of 120,818 ETH to its circulating supplies. This was a major transformation from the previous shrinkage direction, affected by a 66.7 % decrease in the burning rate with a slowdown in the network activity.
The exchange of encryption witnessed mixed trends. Central stock exchanges (CEXS) such as Binance and Bybit have seen a variety of fortunes.
The market’s share of the market reached 45 %, although the trading volume is low. Meanwhile, the bybit market has increased to 12.6 %. Decentralization exchanges (Dexs) such as uniswap and emerging platforms that raise a large size. They took advantage of the booth in the activities of the coin and air currency trade.
Read more: The best air ends in 2024
In an interview with Beincrypto, Bobby Ong, co -founder of Coingecko, shared that expectations for the last half of 2024 are still optimistic with caution.
“The encryption market entered a period of unification of half after resettlement amid mixed developments in the Q2, with the distinguished symbol Air drops In particular, join the audit. While expectations for the second half of 2024 are more blurry, we see positive signs including improving macroeconomic conditions, and the teams that continue to build regardless of prices. “
Disintegration
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