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Altcoin Liquidity Improved in 2024 Despite Recent Crypto Market Turbulence | Video
Today’s chart is brought to you by crypto.com, the leading cryptocurrency platform trusted by over 100 million users worldwide. Let’s take a look at today’s chart. The crypto market is in a sea of red, but altcoin liquidity has improved significantly this year. According to data from Kio, the aggregate 1% depth for the top 10 alt coins by market cap is around 100 and $62 million. That’s a 38% increase compared to the 2023 average. The increase in alt coin depth is partly due to the price appreciation in Q1 2024. But the trends didn’t just start this year. Most alt coins have shown improvement against Bitcoin since its 2021 bull run, indicating increasing adoption. That’s it for today’s chart. I’m Jen Sani. See you next time to unpack more data behind the top stories.