Altcoins
Altcoin Liquidity Improved in 2024 Despite Recent Crypto Market Turmoil | Video
Today’s chart is brought to you by crypto.com, the leading cryptocurrency platform trusted by over 100 million users worldwide. Let’s take a look at the chart of the day. The cryptocurrency market is in a sea of red, but alt liquidity has improved significantly this year. According to Kio data, the aggregate depth of 1% for the top 10 alt coins by market cap is up around $100 million and $62 million. That’s a 38% increase from the 2023 average. The increase in alt coin depth is partly due to price appreciation in Q1 2024. But the trends didn’t just start this year. Most alt coins have shown improvement over Bitcoin since its 2021 bull run, an indication of broader adoption. That’s it for today’s chart of the day. Jen Sani here. See you next time for more insights into the data behind the headlines.