Which best cryptocurrencies to invest in? In the dynamic cryptocurrency market, finding the Best Cryptocurrency to Invest in may seem like an intriguing challenge. Despite a recent drop, the market has been presenting opportunities for attentive investors.
The platform specializing in cryptocurrency analysis, Kaiko, recently revealed a Ranking of the best assets on the market. The survey highlighted the quarterly liquidity classification of cryptocurrencies. Kaiko revealed the top cryptocurrencies for Q4 2023.
The Ranking is led by the two largest cryptocurrencies on the market. According to the data, the top five assets of the fourth quarter of 2023 were: Bitcoin (BTC); Ethereum (ETH); XRP; Dogecoin (DOGE); Solana (SOL).
Why is this data important? The survey highlights the best assets on the market based on the quarterly liquidity classification. The best assets can be great and safe opportunities for investors.
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Kaiko’s quarterly #crypto asset liquidity ranking is now live! Q4 2023’s top 5 assets were:
1. #BTC
2. #ETH
3. #XRP
4. #DOGE
5. #SOL https://t.co/O00MAPnyGM— Kaiko (@KaikoData) January 15, 2024
Complementing the top 10 best cryptocurrencies on the market are: Litecoin (LTC); Chainlink (LINK); Polygon (MATIC); Avalanche (AVAX); Cardano (ADA).
Interestingly, the data does not indicate the occupation of the largest stablecoin on the market, Tether (USDT), the third largest asset by market capitalization, which does not appear in Kaiko’s ranking. The data listed the 50 best cryptocurrencies on the market.
Bitcoin whales take advantage of market correction to accumulate more BTC
The price of Bitcoin (BTC) has recorded notable drops in recent days. The largest cryptocurrency on the market has seen a decline in its price of 5.9% in the last seven days. However, Bitcoin whales are taking advantage of the falling tide to accumulate more tokens in their portfolios.
However, large holders of the largest cryptocurrency continue to bet big on Bitcoin. As cryptocurrency analyst Ali Martinez noted, even in the face of the strong market correction in recent days, Bitcoin whales are not slowing down their investments, but rather taking advantage of the downturn to accumulate more BTC.
Disclaimer:
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Source: https://portalcripto.com.br/criptomoedas-para-investir-ranking-revela-melhores-ativos-do-mercado/
