In line with the newest analysis from CoinMarketCap, the primary 2023 half a 12 months can be each difficult and attention-grabbing for the worldwide cryptocurrency market. On the finish of the second quarter, the market worth reached 1.17 trillion US {dollars}, which is 48% greater than originally of the 12 months.
The entire market capitalization was comparable within the first and second quarters, however some sectors noticed important progress, making them the main target of consideration.
As well as, the digital actuality/augmented actuality (VR/AR) trade skilled a staggering enhance, with its market worth growing by 704%, in keeping with the report.
The report famous that in June renewed curiosity in AI-related tokens comparable to SingularityNET ( AGIX ) and Fetch.ai ( FET ), rebounding almost 40% from mid-June lows.
Additionally, the speculative frenzy surrounding meme tokens intensified within the first half with the addition of over 260 new tokens, led by the enduring PEPE token.
Particularly, PEPE is price greater than 3,700x within the first quarter of 2023. half a 12 months
Though PEPE has retreated from its peak in Might, CoinMarketCap revealed that the token has rebounded nearly 100% since its mid-June lows.
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