- CoinGecko specialists presented a report on popular trends in the crypto market.
- It includes such areas as AI, memcoins and GameFi.
- The community was also interested in the Solana ecosystem, BRC-20 tokens and real asset tokenization (RWA).
At the end of 2023, artificial intelligence, memcoins and GameFi became the most popular areas in the crypto market. They account for about 30% of overall investor interest, according to CoinGecko research.
Experts conducted a market analysis based on the results of network traffic of CoinGecko users. In addition to AI, GameFi and memcoins, the list includes the Solana ecosystem, BRC-20 tokens and real-world asset (RWA) tokenization.
Surge of interest in AI tokens
According to the report, artificial intelligence has become the most popular field in 2023. It accounts for 11.3% of investor interest.
“Since the launch of ChatGPT in November 2022, interest in AI continues to gain momentum. It has spread to the crypto space, drawing attention to virtual assets associated with artificial intelligence,” experts noted.
The report says that the largest increase was demonstrated by the AKT token of the Akash Network project. Since January 2023, its price has increased 13 times, and its capitalization has exceeded $550 million, according to CoinMarketCap.
Maryna HlaiborodaGameFi Revival
The gaming sector accounted for 10.5% of total interest. Experts have found that seven leading gaming studios have started developing games on the blockchain.
Immutable X (IMX) token showed the largest increase since the beginning of the year. In January, the asset was trading around $0.4, but already in December its value exceeded $2.5.
Vlad ShevchenkoMemcoins
Meme cryptocurrencies took third place in the ranking with a share of interest of 8.3%. The Pepe project became the focus of investors’ attention. Another leader among memcoins was the BONK coin, which grew by almost 1300% within a month.
Denis Solomyanyuk4 out of 49 blockchains included in the top 15 trends for 2023. The researchers included the Solana ecosystem, BRC-20, Ethereum and Avalanche tokens.. Analysts also noted the launch of a large number of second-level networks: Arbitrum, Base, zkSync Era, Mantle and some others.
Ivan BabiukOne of the most significant events of the year, according to CoinGecko experts, was the “rebirth of Solana”. The value of the SOL token has increased more than 11 times from its yearly low.
“There were several notable projects in the Solana ecosystem. Community members received BONK tokens as an airdrop. Jito, a liquid staking protocol for the blockchain, has also been launched, and Pyth has emerged as an up-and-coming oracle seeking to compete with Chainlink,” the report states.
Ivan BabiukAnalysts also indicated that BRC-20 tokens have returned interest in the Bitcoin ecosystem – this figure was 7.1%. The first asset created using the Ordinals protocol was ORDI.
It has shown the greatest growth among BRC-20 tokens, reaching a yearly high of 5 times its price since May 8, 2023. At the time of publication, the asset is trading at $74, according to CoinMarketCap.
Ivan PavlovskyyLet us remind you that earlier the Tether company summed up the results of 2023 and shared plans for the future. We also talked about the forecasts of the analytical company Messari and ETF issuer VanEck for 2024.