The cryptocurrency market has seen a surge in the popularity of artificial intelligence, memcoins and GameFi in 2023. These three areas attracted the attention of investors, accounting for about 30% of the total interest, according to CoinGecko's research.
Experts analyzed the market based on the online traffic of CoinGecko users. Along with artificial intelligence, GameFi and memcoins, the list of popular trends also included the Solana ecosystem, BRC-20 tokens and real asset tokenization (RWA).
Artificial intelligence tokenization craze
According to the report, artificial intelligence was the most prominent trend in 2023, capturing 11.3% of investor interest.
"Since the introduction of #ChatGPT in November 2022, the fascination with artificial intelligence has been steadily growing. This interest has spread to the cryptocurrency space, drawing attention to AI-related virtual assets "stated the experts.
The report highlights the AKT token from the #Akash Network project as the most strongly growing. Since January 2023, its price has soared 13 times and its market capitalization has exceeded $550 million, according to CoinMarketCap.
GameFi's Renaissance
The gaming sector accounted for 10.5% of total interest. Experts found that seven leading game studios have switched to blockchain-based game development.
The Immutable X token (#IMX) has grown significantly since the beginning of the year. In January, the asset was trading at $0.4, and by December its value had surpassed $2.5.
Memcoins are taking center stage
Meme cryptocurrencies took third place in the ranking, receiving 8.3% interest. The #Pepe project has attracted significant investor attention. Another bright memcoin was the #BONK coin, which grew by almost 1,300% in a month.
Ecosystems and blockchains
Of the 49 blockchains, four made it into the top 15 trends for 2023. Researchers highlighted the #Solana ecosystem, #BRC-20 tokens, #Ethereum and #Avalanche. In addition, analysts noted the launch of numerous second-tier networks such as #Arbitrum, #Base, #zkSync Era, #Mantle and others.
According to CoinGecko experts, one of the most notable events of the year was the "revival of Solan". The value of the SOL token has risen more than 11 times from its yearly low.
"The Solana ecosystem has witnessed several remarkable projects. Community members received BONK tokens through airdrop. The Jito protocol for liquid stack blockchain was also launched and Pyth has become a promising oracle seeking to compete with #Chainlink "the report said.
Analysts also highlighted that BRC-20 tokens have revived interest in the bitcoin ecosystem, accounting for 7.1 percent of the total. The first asset created using the Ordinals protocol, ORDI, saw the highest growth among BRC-20 tokens, reaching an annual high of five times its price since May 8, 2023.
See you in the New Year 2024, which will undoubtedly change the cryptocurrency market, and CryptoFingers.com will be the very first to tell you about it!
