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🎀💌ACTIVE INFORMATION 💌🎀
STRK, ORDI, EGLD: Worst YTD Performers Named by Analyst.❤️🩹
Despite the overall increase in cryptocurrency market capitalization, many large-caps posted dramatic losses since Jan. 1, 2024. One of three tokens in the top 100 is in the red, Colin Wu's review says.🩵
Starknet (STRK), ORDI (ORDI), MultiversX (EGLD): Worst performers in
top 100.🔺
🫴Amid the 100 largest cryptocurrencies by market capitalization, 37 tokens saw their capitalization metrics declining year-to- date. Meanwhile, the two largest cryptos, Bitcoin (BTC) and Ethereum (ETH), posted amazing gains, Chinese cryptocurrency journalist Colin Wu says on X.🎉♠️
🥰The three worst sufferers, namely Starknet (STRK), ORDI (ORDI) and MultiversX (EGLD) lost between 40% and 50%. STRK, the core native cryptocurrency of Starknet, an Ethereum L2, saw 50.33% of its value erased.♦️✨
Other second-layer solutions for Ethereum (ETH) also posted dramatic losses: Optimism's OP lost 38%, Arbitrum's ARB is 31.5% down, while Polygon (MATIC) registered a 27.6% dropdown.🔻
Out of all "losers," Chainlink's main token LINK and Internet Computer (ICP) look the strongest with sub-1% losses.💦
Total crypto market cap added 40% in 2024.
In 2024, fueled by the long-anticipated approval of spot Bitcoin ETF in the U.S., cryptocurrency prices entered a new phase of growth.💯📉
As such, the net valuation of cryptocurrency tokens spiked from $1.773 billion to $2.467 billion. The metric peaked on March 13 at $2.891 billion.💫📊
Bitcoin (BTC) dominance, the ratio of the BTC market cap to the cumulative market cap of cryptocurrencies, was surging during the whole period. After adding over 6.2%, BTC.D exceeded a three-year high and peaked at 57% in mid-April, TradingView data says.🚧
