Can you please elaborate on the criteria used to rank the top 30 cryptocurrencies in 2023? Are these rankings based on
market capitalization, trading volume, or perhaps a combination of factors? Additionally, how have these rankings changed over the past year, and what are the key factors that have contributed to these shifts? I'm particularly interested in understanding which cryptocurrencies have seen the most significant growth or decline in popularity, and what factors have driven these changes.
6 answers
KimchiQueen
Mon Sep 09 2024
Injective Protocol (INJ) rounds off the list of new entrants, taking the 30th spot. Its success highlights the growing demand for decentralized exchanges and derivative trading.
Valentina
Mon Sep 09 2024
The cryptocurrency landscape continues to evolve rapidly, with new entrants making their mark on the top 30 rankings.
Internet Computer (ICP) has surged into the 16th position, showcasing its growing popularity and potential.
Stefano
Mon Sep 09 2024
On the other hand, some established players have seen their positions slip.
Hedera (HBAR), Binance USD (BUSD), Monero (XMR), and True USD (TUSD) have all fallen out of the top 30 rankings.
Davide
Mon Sep 09 2024
Similarly, Near Protocol (NEAR) has also climbed the ranks, securing the 23rd spot. This rise can be attributed to its innovative technology and expanding ecosystem.
SejongWisdomKeeper
Mon Sep 09 2024
One of the most notable trends in the cryptocurrency market in 2023 has been the remarkable growth of Bitcoin. The digital asset has soared by an impressive +155.2%, fueled by growing confidence in an ETF approval.