In the event of the unstoppable rise of cryptocurrencies, a mix of established giants and rising stars is capturing the attention of investors. But amidst the volatility, some digital assets consistently hold investor interest. Whether you are a seasoned investor or just starting your crypto journey, understanding the most-invested cryptocurrencies in 2024 is crucial for making informed decisions. This in-depth analysis delves into the statistics behind the most-invested cryptocurrencies in the year of 2024. We’ll explore market capitalization, investment trends, and project functionalities, providing a data-driven roadmap to understand where the smart money is flowing.

Key Takeaways

  • There are other estimates of roughly 20,000 cryptocurrencies being in existence, but most of these are either inactive or discontinued. Due to how open the creation process of a cryptocurrency is, it is relatively easy to make one. Indeed, the top 20 cryptocurrencies make up nearly 90 percent of the total market. As of January 2024, there are a total of 9.024 cryptocurrencies worldwide.
  • According to Statista, trading volume in the entire cryptocurrency market reached a peak of $US3 trillion on Nov 8, 2021.
  • Bitcoin prices reached roughly 69,075.67 as of March 11, 2024, in which it experiences a surge in the first quarter of 2024, followed by the booming of other cryptocurrency trends including Gamefi, Memecoin, RWAs.

Most-invested Cryptocurrencies by Market Cap

CryptocurrencyToken SymbolMarket Cap
BitcoinBTC827,42
EthereumETH272,32
Tether USDTUSDT96,02
Binance CoinBNB46,05
SolanaSOL42,23
RippleXRP28,58
USDCUSDC26,15
CardanoADA17,34
AvalancheAVAX12,92
DogecoinDOGE11,45
TRONTRX10,02
PolkadotDOT8,82
ChainlinkLINK8,28
PolygonMATIC7,58
ToncoinTON7,35
Internet ComputerICP5,59
DaiDAI5,35
Shiba InuSHIB5,32
LitecoinLTC5,01
Bitcoin CashBCH4,64
UNUS SED LEOLEO3,74
CosmosATOM3,67
UniswapUNI3,56
Ethereum ClassicETC3,42
StellarXLM3,26
InjectiveINJ3,24
OKBOKB3,13
AptosAPT3,07
MoneroXMR3,02
NEAR ProtocolNEAR2,94
Axie InfinityAXS1
Theta NetworkTHETA0,99
AstarASTR0,98
SynthetixSNX0,97
KuCoin TokenKCS0,97
TezosXTZ0,95
ChilizCHZ0,94
BeamBEAM0,93
Manta NetworkMANTA0,92
FTX TokenFTT0,90

Key Findings: According to the tracking data from Statista, BTC continues to dominate the world of cryptocurrency investments its markep cap of 827,42 billion U.S. dollars. Meanwhile, for middle cap category, DOT stands out as the most-invested cryptocurrency whose market cap is 8,82 billion dollars. AXS’s market cap is 1 billion U.S. dollars and is the most-invested low-cap coin.

Most-invested Cryptocurrencies by Daily Volume

  • Up to 13 March 2024, the cryptocurrency market saw an estimated $585.20B worth of trading volume in the last 24 hours, which accounts for 6.83% of the world’s assets.
  • 71.08% of daily trading volume is USDT transaction

Most-traded Crypto Pairs by Crypto Exchanges

Key Findings: According to the latest Messari data, BTC/USDT is the highest 24-hour trading volume pair on the significance of centralized exchanges, whereas, USDC/SOL is the most-traded pair on decentralized exchanges.

Bottom Lines

  • Bitcoin stands out as the most-invested cryptocurrency
  • Tether USDT tops the rankings for having the highest trading volume
  • USDT tops most-invested stablecoin
  • Dogecoin is the most popular meme-coin with a live market cap of $21.8B U.S. dollars
  • As of March 17, 2024, Bitcoin makes up 49.32% of the total value of the crypto market.
  • CoinMarketCap tracks trading volume for 224 different cryptocurrency exchanges.
  • Binance is by far the largest with over $18 billion worth of crypto traded every day.

References