Dear Readers,
Wish you a Happy New Year 2024! I wish this New Year 2024 would bring all cheers to all of us!
Compared to the year 2022 in which the crypto markets witnessed a wide range of blood bath; year 2023 had made some hopes again to all of us and the cryptos have rallied a lot.
Heading to the Bitcon ETF decisions again, the crypto market is trading with a clueless note. It may pump if the BTC ETF decisions are in favour ahead. And it is ready for a deep correction if the decision is a negative note.
In the meantime, this is just a small calculation on our crypto returns if we have invested in the current top 20 crypto coins on 1st January 2023. The Profits are calculated on 1st January 2024.
The Year on Year returns have been found good.
Based on the above chart, if we work out the graphical diagram- we can understand it in even easier as per the following.
Solana leads the rally followed by AVAX, BTC, ADA, ETH, XRP, DOGE, BNB. We shall omit the stable coins USDT and USDC.
At the time of writing this article, the global crypto market cap stands at 1.68 Trillion USD, an increase of 1.01% from yesterday.
Let's hope everything good in 2024!
