A CoinLedger report examined the top five most-bought small/mid-cap cryptocurrencies and the most sold digital assets this year.
2024 has ushered billions into the cryptocurrency markets, with a 44% growth year-to-date (YTD), potentially surpassing the $3 trillion peak set in 2021.
Big names like Bitcoin (BTC) and Ethereum (ETH) dominate discussions, especially with Wall Street’s involvement in ETFs. However, small to mid-market cap assets have also garnered interest and capital.
CoinLedger’s data from over 500,000 crypto investors identifies Render (RNDR), Fetch.ai (FET), Internet Computer (ICP), Injective (INJ), and Hedera (HBAR) as the top five most bought cryptocurrencies in 2024.
Render and Fetch.ai surged 48% and 113% YTD, respectively, benefiting from interest in GPU giant Nvidia and artificial intelligence. RNDR has a $2.5 billion market cap, and FET boasts a $3.6 billion valuation.
Most sold cryptocurrencies of 2024
Large-cap digital assets saw significant selling volume despite noticeable growth. Bitcoin, Ethereum, Solana (SOL), Cardano (ADA), and Ripple (XRP) are the most sold digital currencies in 2024.
CoinLedger researchers stated, "Unsurprisingly, this list includes the biggest cryptocurrencies by market cap. The 2024 rally likely led many to sell and take profits."
Bitcoin achieved a new all-time high in March, and Ethereum approached previous highs, leading investors to book profits. For Solana, its ecosystem became a hub for meme token traders, which likely drove the SOL selloff.
