Altcoins
Altcoin Liquidity Improved in 2024 Despite Recent Crypto Market Turmoil | Video
Today’s chart is brought to you by crypto.com, the leading crypto platform trusted by over 100 million users worldwide. Let’s take a look at today’s chart. The cryptocurrency market is in the red, but altcoin liquidity has improved significantly this year. According to data from Kio, the aggregate 1% depth for the top 10 altcoins by market cap stands at roughly $100 million and $62 million. That’s a 38% increase over the 2023 average. The increase in altcoin depth is partly driven by price appreciation in the first quarter of 2024. But the trends aren’t just starting this year. Most altcoins have shown improvement over Bitcoin since its 2021 surge, indicating broader adoption. That’s all for today’s chart of the day. I’m Jen Sani. We’ll see you next time as we break down more of the data behind major news stories.