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

2024 has ushered hundreds of billions of dollars into the cryptocurrency markets. Data shows that the digital asset industry has grown over 44% year-to-date

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

2024 has seen hundreds of billions of dollars pour into the cryptocurrency markets. According to data, the digital asset industry has grown over 44% year-to-date (YTD) and is set to surpass the $3 trillion peak observed in 2021.

While big names like Bitcoin (BTC) and Ethereum (ETH) always garner attention, especially with Wall Street interest in ETFs, assets with small to mid-market caps have also piqued interest and attracted investor capital.

CoinLedger researchers, using data from over 500,000 crypto investors, found that Render (RNDR), Fetch.ai (FET), Internet Computer (ICP), Injective (INJ), and Hedera (HBAR) emerged as the top five most bought cryptocurrencies so far this year.

Render and Fetch.ai have exhibited impressive surges of 48% and 113% YTD, respectively. These tokens have likely benefited from the growing interest around GPU giant Nvidia and artificial intelligence as investors seek web3 alternatives to traditional stakeholders. At the time of writing, RNDR had a $2.5 billion market cap, while FET boasted a $3.6 billion valuation.

Most sold cryptocurrencies of 2024

In contrast to the smaller-cap assets, large-cap digital assets have witnessed significant selling volumes despite the noticeable growth observed with these tokens. Bitcoin, Ethereum, Solana (SOL), Cardano (ADA), and Ripple (XRP) were named the five most sold virtual currencies in 2024.

“Unsurprisingly, this list comprises some of the biggest cryptocurrencies by market cap. The rally in the cryptocurrency market in early 2024 likely led many investors to take profits and sell some of their major holdings,” CoinLedger researchers noted.

Specifically, Bitcoin achieved a new all-time high in March, and Ethereum has come close to reaching previous highs. In such scenarios, it is common for investors to book profits. For Solana, the SOL ecosystem has become the defacto memecoin chain and has seen billions in meme token traders. It’s possible that memecoin traders and meme swaps account for most of the SOL selloff.

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