Ethereum

2024

Internet Computer

Bitcoin

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<p>Despite the overall increase in cryptocurrency market capitalization, many large-caps posted dramatic losses since Jan. 1, 2024. One of three tokens in the top 100 is in the red, Colin Wu's review says.</p>
<h2 id="starknet-strk-ordi-ordi-multiversx-egld-worst-performers-in-top-100">Starknet (STRK), ORDI (ORDI), MultiversX (EGLD): Worst performers in top 100</h2>
<p>Amid the 100 largest cryptocurrencies by market capitalization, 37 tokens saw their capitalization metrics declining year-to-date. Meanwhile, the two largest cryptos, Bitcoin (BTC) and Ethereum (ETH), posted amazing gains, Chinese cryptocurrency journalist Colin Wu says on X.</p>
<blockquote>
 <p lang="en" dir="ltr">We counted 37 tokens among the top 100 tokens by market value that have fallen in price this year. During the same period, BTC +48.9% and ETH +36.4. Among them, STRK -50% ORDI -45% EGLD -41% MINA -38% BSV -37% ARB -31% INJ -28% MATIC -27% had the largest decline. <a href="https://t.co/c9GrB1GIx2" rel="noopener noreferrer nofollow">pic.twitter.com/c9GrB1GIx2</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1784047922235290026?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 27, 2024</a>
</blockquote>
<p>The three worst sufferers, namely Starknet (STRK), ORDI (ORDI) and MultiversX (EGLD) lost between 40% and 50%. STRK, the core native cryptocurrency of Starknet, an Ethereum L2, saw 50.33% of its value erased.</p>
<p>Other second-layer solutions for Ethereum (ETH) also posted dramatic losses: Optimism's OP lost 38%, Arbitrum's ARB is 31.5% down, while Polygon (MATIC) registered a 27.6% dropdown.</p>
<p>Out of all "losers," Chainlink's main token LINK and Internet Computer (ICP) look the strongest with sub-1% losses.</p>
<h2 id="total-crypto-market-cap-added-40-in-2024">Total crypto market cap added 40% in 2024</h2>
<p>In 2024, fueled by the long-anticipated approval of spot Bitcoin ETF in the U.S., cryptocurrency prices entered a new phase of growth.</p>
<p>As such, the net valuation of cryptocurrency tokens spiked from $1.773 billion to $2.467 billion. The metric peaked on March 13 at $2.891 billion.</p>
<p>Bitcoin (BTC) dominance, the ratio of the BTC market cap to the cumulative market cap of cryptocurrencies, was surging during the whole period. After adding over 6.2%, BTC.D exceeded a three-year high and peaked at 57% in mid-April, TradingView data says.</p>

STRK, ORDI, EGLD: Worst YTD Performers Named by Analyst

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