Crypto remains hopeful as market moves sideways: Report

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NFT collectibles take a hit as memecoins like $PEPE dominate attention and sales. Find out more in CointelegraphCS Monthly Trends Report.

, regulation and much more. Compiled by leading experts on these various topics, the monthly reports are an invaluable tool to quickly get a sense of the current state of the blockchain industry.Nonfungible token collectibles are one of the few sectors that took a major hit this month. Memecoins, such as PEPE, may be partially responsible for this, as they absorbed the attention, printing eye-watering gains.

The highest returns were again recorded by TeraWulf, which continued its rally with another 85% rise in evaluation. CleanSpark, IrisEnergy and BitDigital were other strong gainers. Notably, the stocks in April outperformed BTC on aggregate after lagging behind in the previous month. Where Bitcoin only posted a 2.8% close, the largest crypto stocks, dominated by mining, recorded 12.9%

Demelza Hays, Ph.D., is the director of research at Cointelegraph. Hays has compiled a team of subject matter experts from finance, economics and technology to bring the premier source for industry reports and insightful analysis to the market. The team utilizes APIs from various sources to provide accurate, useful information and analyses.

 

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