George23 on Nostr: Crypto: A recap of the main market trends in the first half of 2023 according to ...
Crypto: A recap of the main market trends in the first half of 2023 according to CoinMarketCap
During the first half of 2023, the crypto market did not run smoothly. In a recent report, crypto data provider CoinMaketCap assesses key developments in the crypto industry over the period.
The crypto industry, especially dynamic in the first half…
CoinMarketCap (CMC), a crypto industry data provider, recently released a report on industry trends. The study covers the entire period of the first half of 2023, from which it captures the development of cryptocurrencies during this period.
CMC data shows a significant increase in the global market capitalization of cryptocurrencies. It peaked at $1.17 trillion at the end of the second quarter.
Compared to the beginning of the year, this growth represents an increase of 48%. CMC experienced a relatively quiet second quarter compared to the first quarter, which saw significant developments.
CMC's State of the Crypto Market report also looks at user perceptions of the industry. The Crypto Fear and Greed Index, which measures this sentiment, shows a clear shift in investor enthusiasm.
This went from a rating of 30 (fear) to 52 (neutral) at the end of the first half of 2023.
However, the report shows a decline in the overall volume of spot trades on the top 20 crypto exchanges. A quarter-on-quarter decline of 36%, reflecting a near-standstill in June.
With interesting prospects for others
The first half of 2023 is also a period of remarkable growth for virtual reality (VR) and augmented reality (AR). A trend that also applies to artificial intelligence (AI) and BIG data.
Despite the difficult market, each of these segments has seen an increase in market capitalization since the beginning of the year. The same goes for the memecoin segment, the number of tokens in circulation has exploded.
Thanks to DeFi, AI, BIG data, the memecoin segment is very popular. The same goes for smart contracts, essentially focused on Ethereum.
The undisputed queen of cryptocurrencies, Bitcoin, should be at the center of cryptocurrency development in the second half of the year. This along with the rise of decentralized physical infrastructure. So are initiatives to make real-world assets tradeable on the blockchain.
Overall, the first half of 2023 showed growth and new trends in various sectors. This with the constant developments shaping the crypto market for the rest of the year.
During the first half of 2023, the crypto market did not run smoothly. In a recent report, crypto data provider CoinMaketCap assesses key developments in the crypto industry over the period.
The crypto industry, especially dynamic in the first half…
CoinMarketCap (CMC), a crypto industry data provider, recently released a report on industry trends. The study covers the entire period of the first half of 2023, from which it captures the development of cryptocurrencies during this period.
CMC data shows a significant increase in the global market capitalization of cryptocurrencies. It peaked at $1.17 trillion at the end of the second quarter.
Compared to the beginning of the year, this growth represents an increase of 48%. CMC experienced a relatively quiet second quarter compared to the first quarter, which saw significant developments.
CMC's State of the Crypto Market report also looks at user perceptions of the industry. The Crypto Fear and Greed Index, which measures this sentiment, shows a clear shift in investor enthusiasm.
This went from a rating of 30 (fear) to 52 (neutral) at the end of the first half of 2023.
However, the report shows a decline in the overall volume of spot trades on the top 20 crypto exchanges. A quarter-on-quarter decline of 36%, reflecting a near-standstill in June.
With interesting prospects for others
The first half of 2023 is also a period of remarkable growth for virtual reality (VR) and augmented reality (AR). A trend that also applies to artificial intelligence (AI) and BIG data.
Despite the difficult market, each of these segments has seen an increase in market capitalization since the beginning of the year. The same goes for the memecoin segment, the number of tokens in circulation has exploded.
Thanks to DeFi, AI, BIG data, the memecoin segment is very popular. The same goes for smart contracts, essentially focused on Ethereum.
The undisputed queen of cryptocurrencies, Bitcoin, should be at the center of cryptocurrency development in the second half of the year. This along with the rise of decentralized physical infrastructure. So are initiatives to make real-world assets tradeable on the blockchain.
Overall, the first half of 2023 showed growth and new trends in various sectors. This with the constant developments shaping the crypto market for the rest of the year.