Dear Readers,
On a whole, February 2024 witnessed a very good month for the crypto markets.
We all know that Coinmarket cap has also the crypto information in a nutsell and one would always refer for any crypto related information and updates.
Indeed coinmarketcap.com has conducted CMC CryptoAwards 2024 which we have covered twice- once during the announcement and one during the award announcement in eight of the various categories with the following summary.
Coinmarketcap (CMC) has published a February 2024 crypto monthly research recently which has done by it research team.
The summary as follows once again for your information in the following infographics:
The major things were listed in the February report. The crux abstract from these report are the following:
- The BTC ETF inflow was 5.9 Billion USD boosted up the crypto markets.
- BTC's dominance was increased significantly.
- While BTC has stolen everyone's attention, meme coins+gaming+AI coins made a strong come back.
- Among the Layer 1 Projects, Solana and ETH pumped a lot.
- ERC 404 token was well received in ETH and would be a turn around point of the market. We have covered in detail with a separate article earlier with the title, Ethereum's future with ERC 404 token.
- Stable coins marketcap were improved by 3.45%.
- The most crypto users were from US, Germany, India, Turkey and Brazil.
- While BTC was loved by everyone in various geographic locations- Shibu Inu, Baby Doge Coin, Polygon, Ethererum, XRP, Solana and Pepe ( which rallied 400% in a month) were also the most popular crypto coins.
- Pandora, Pixels, Heroes of Mavia (Mavia), Pudgy Penguins and Blast were adjudged as the Star Projects for Feb 2024.
- Apart from the much expected Dencun update of Ethereum, the other notable updates in March lo.net on March 1, Arbitrum Arcade in March 11, Wormwhole W token launch by end of March 2024 are the notable updates in the respective crypto eco systems.
I recommend his is a must see round up for any crypto enthusiasts.
The link has given in the description for the further details of the February 2024 crypto-market analysis.
