CoinMarketCap The report, “According to CMC: Crypto Market Analysis H1 2023”, has been published, explaining that the second quarter of 2023 was a “losing quarter” due to a number of factors. Compared to the first quarter of the year, however, there were some areas that showed strong growth and resilience.
followThe report noted that Q1 2023 saw more positive developments, with Bitcoin doubling in price. and the rise of layer 2 scaling solutions such as Arbitrum and zero-knowledge proofs. Q1 also showed a strong NFT token market, driven by product updates and the issuance of Blur tokens in the NFT market.
The report also noted that Q2 failed to develop. Although the trend suggests that Q2 was the season for memecoin and the popularity of the new BRC-20 token standard, CoinMarketCap has seen some improvements. Argued that Q2 was not as exciting as Q1.
However, some positive events took place during Q2, including the Crypto Fear & Greed Index, an indicator that aims to show overall crypto market sentiment, showing a neutral score of 52. This result is much better than the score of 32 at the start of the year. which indicates fear in the market
CoinMarketCap Note that various sectors are showing resilience and growth in year-to-date (YTD) market capitalization, including Virtual and Augmented Reality with 704% growth, along with artificial intelligence and big data with 323% growth.
At the same time, Defi and infrastructure projects are starting to come back as well. Lending increased 149%, derivatives increased 75%, storage increased 86% and interoperability increased 58%.
refer : cointelegraph
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