Only 3 cryptocurrencies out of the top 100 managed to rise in price in April 2024
Only 3 cryptocurrencies from the top 100 managed to rise in price over the past 30 days. Thus, April 2024 was a negative month for the global market of digital currencies. The best result was demonstrated by the new token Ethena (ENA), whose quotes jumped by 13.5% during the reporting time period.
It should be noted that the token Ethena (ENA) lost 13.45% over the past 24 hours. As of the evening of May 1, 2024, the ENA cryptocurrency is trading around $0.78, and its capitalization reaches $1.11 billion. Over the past 24 hours, traders made transactions with the token on the spot market for a total of $448 million.
Bitget Token (BGB) and Neo (NEO) rose in value by 2.55% and 1.97%, respectively. All other digital currencies fell in value to varying degrees. The losses of TRON (TRX) were insignificant. This cryptocurrency fell in price by only 0.6%. Also, the prices of such well-known cryptocurrencies as Monero (XMR) and Binance Coin (BNB) fell insignificantly. The digital assets lost only 1.55% and 4.5%, respectively.
However, there were cryptocurrencies that significantly disappointed investors. For example, the rate of the new digital currency Wormhole (W) collapsed by almost 52% over the month. In addition, Aptos (APT), Core (CORE), Conflux (CFX), Jupiter (JUP), Pyth Network (PYTH), Uniswap (UNI), Axelar (AXL), Sui (SUI), THORChain (RUNE), dogwifhat (WIF), and Synthetix (SNX) lost significant value. All of them lost between 40% and 48% of their value 30 days ago.
As for the leading cryptocurrencies, Bitcoin (BTC) is down 17.5% to $57,280 as of this writing. Capitalization is equal to $1.12 trillion, and daily transaction volumes on the spot market are $48.3 billion. Ethereum (ETH), which ranks 2nd in terms of total supply with $356.71 million, has fallen in price by 15.95% during the time period under review. Its price stands at $2920.
