On December 29th, CoinEx Research Institute and ViaBTC Capital jointly released the 2023 Cryptocurrency Annual Report, providing an in-depth exploration of the development trends in the cryptocurrency market throughout the year. The report highlights a major turnaround in the cryptocurrency market, with a significant 117.8% surge in market capitalization in the fourth quarter of 2023. Bitcoin exhibited outstanding performance, reclaiming market dominance, and is expected to continue expanding its market share in the coming year. Ethereum's ongoing upgrades since the transition from PoW to PoS laid a solid foundation for subsequent ecosystem development.
The report provides a comprehensive analysis of various sectors, including public chains, DeFi, Meme, SocialFi, GameFi, among others. The cryptocurrency industry in 2023 underwent changes and challenges, with each sector embracing new opportunities, laying the groundwork for positive development in the industry's future.
Simultaneously, the application for a Bitcoin Spot ETF with the SEC signifies a new era in cryptocurrency regulation, posing opportunities for industry compliance and wider adoption.
The CoinEx Research Institute believes that the surge in Bitcoin prices, Ethereum's ongoing technological advancements, and the further enhancements of industry regulations show strong prospects for continued growth in the cryptocurrency sector. The annual report analyzes the opportunities and challenges faced by various markets and concludes with predictions for cryptocurrency industry trends in 2024. With these developments on the horizon, CoinEx Research Institute sees the crypto market on solid footing for the next phase of expansion in the coming year.
Click the link to download the "CoinEx 2023 Cryptocurrency Annual Report" immediately.