Top 5 crypto market trends from Coingecko's Q2 report

The total crypto market cap was outperformed by the S&P 500, falling 14.4% in Q2. Meme coins accounted for 14.3% of the total crypto market share in Q2 2024. Spot trading volume on centralized exchanges hit $3.40 trillion in the same quarter. Coingecko's Q2 report on Tuesday revealed key market performances in the crypto industry and how they may affect Q3 and Q4 performances.

A possible cause for the increased market dominance may be the meme coins frenzy, which began in March — characterized by rallies in various Solana-based meme and celebrity tokens — and the return of GameStop trader Roaring Kitty. Real-world assets and AI tokens mindshare were not far behind, rising by 11.30% and 10.09%, respectively. Centralized exchanges experienced rough declines in spot trading volumes at the end of Q2, recording only $3.40 trillion.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer's top 10 things to watch in the stock market TuesdayThe Nasdaq was looking to bounce at Tuesday's open after having its worst session since April.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayU.S. stock futures rose after better-than-expected earnings and retail sales data.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market TuesdayWall Street pushed higher after more records for the S&P 500 and Nasdaq.
Source: CNBC - 🏆 12. / 72 Read more »