Research - 2023 Look Back - Trends in Crypto Market

There is only a few days left before closing one of the most dynamic year in the Crypto market. Let's review the past trends in 2023.

Author

Coin Wire
December 28, 2023

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2023 shall be considered a mini bull market for the Crypto market after the “Year of collapse” 2022. Let’s review the past trends in the Market and the leaders of each trends.

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Bitcoin

The most contributor to the volatility of the market in 2023 is, and always, Bitcoin. This year, $BTC has made a yearly performance, up to 150%, growing from the $16K bottom to the $44K price zone.

This year, Bitcoin grew in two obvious phase, Q1 with 71% performance and Q4 with nealy 60%. Bitcoin spent Q2 and Q3 just to fluctuate around the $25K - $30K price zone.

Now, let’s review the past trends in the market.

AI Trend - $AGIX

This trend was motivated by the exposure of ChatGPT to the Crypto Market. There are several AI coins, leading by $AGIX outperform the market in Jan 2023 and the 1st half of Feb.

The others in AI sector: $FET, $OCEAN, $GRT, ..

$AGIX increased exponetially with 918% performance in only 40 days!

Chinese Pump - $CFX

This trend was motivated by the Crypto legalization news in HongKong.

$CFX, which was considered the Chinese Ethereum had made such a performance during this time.

The other coins: $ACH, $LINA, $NEO, …

Considering the largest gain in the shortest period of time, $CFX grew 600% in less than a week!

Fan Token - $OG

This trend was basically the money game of Binance, nothing more.

$OG lead other fan tokens, creating such a hysteria in the market at that time.

Other coins in same sector: $ATM, $PORTO, $APLINE, $JUV, …

$OG increase 433% in less than two days. I repeated LESS THAN TWO DAYS.

Meme Coins - $PEPE

Every bull market all ended up with the rise of a meme coin. 2021 we got $SHIB, and 2023 we got $PEPE.

$PEPE had created such a meme trend on Ethereum blockchain. Other meme coins are: $WOJAK, $PEPE2, …

$PEPE grew exponentially, from $10M to $1B in LESS THAN ONE MONTH.

POW Coins - $BCH

The market in late June has witnessed the growth of old POW coins, when the market started to realized there is less than a year to the halving date. The rally was also motiviated by the rise of Bitcoin with the ETF rumors.

The other coins: $XEC, $BSV, $LTC, ..

In 10 days, $BCH increased 200%. Please note that $BCH is a DINO coin, with such a marketcap and circulating supply on the market.

Which trends have you made the most?

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The article is not investment advice. Please do your own research before making any investment decision.

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