A CoinLedger report analyzed the top five most-bought small/mid-cap cryptocurrencies and the most sold digital assets this year.

2024 has seen a significant influx of capital into the cryptocurrency markets, with the digital asset industry growing over 44% year-to-date (YTD). There is potential for the market to surpass the $3 trillion peak set in 2021.

This booming market attracts eager investors and traders seeking profits. While big names like Bitcoin (BTC) and Ethereum (ETH) remain popular, especially with Wall Street’s involvement under the ETF wrapper, small to mid-cap assets have also gained considerable interest and investor capital.

Based on data from over 500,000 crypto investors, CoinLedger researchers identified the top five most bought cryptocurrencies of the year: Render (RNDR), Fetch.ai (FET), Internet Computer (ICP), Injective (INJ), and Hedera (HBAR).

Render and Fetch.ai have surged 48% and 113% YTD, respectively. These tokens have likely benefited from the interest around GPU giant Nvidia and artificial intelligence, as investors look for web3 alternatives to traditional stakeholders. As of now, RNDR has a $2.5 billion market cap, while FET is valued at $3.6 billion.

Conversely, large-cap digital assets have experienced significant selling volume despite noticeable growth.

Bitcoin, Ethereum, Solana (SOL), Cardano (ADA), and Ripple (XRP) were named the five most sold virtual currencies in 2024. According to CoinLedger researchers, the rally in the cryptocurrency market in early 2024 likely led many investors to take profits and sell some of their major holdings.

Specifically, Bitcoin achieved a new all-time high in March, and Ethereum has approached previous highs. In such cases, it’s common for investors to book profits. For Solana, the SOL ecosystem has become a primary platform for memecoin trading, possibly accounting for much of the SOL selloff.

For more updates and insights into the cryptocurrency market, continue exploring the latest news on Global Crypto News.

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