- CoinMarketCap’s report showcased the challenging yet exciting dynamics of the global crypto market.
- VR/AR and AI & Big Data sectors witnessed astounding growth.
- Memecoin’s frenzy was led by PEPE, reporting over a 3700X surge in value.
According to the most recent research by CoinMarketCap, the first half of 2023 (H1) proved to be both challenging and exciting for the global crypto market, with the market cap holding $1.17 trillion at the end of Q2, indicating a 48% year-to-date increase.
The report noted that the first quarter and the second quarter ended with similar total market caps, leading to the labeling of Q2 as a “lost quarter.” However, some sectors have witnessed remarkable growth, propelling them into the spotlight.
Among them was the Virtual Reality/Augmented Reality (VR/AR) sector, which experienced an astonishing surge, with its market cap skyrocketing by a staggering 704%, according to the report.
AI & Big Data also emerged as a newcomer to the most-viewed sectors, with a striking surge of 323% in market cap in Q1 2023, following the launch of OpenAI’s ChatGPT. The report noted that June saw a resurgence in interest in AI-related toke…
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The post VR Tokens Grow 704% in 2023 First Half, While PEPE Gains 3700X: Report appeared first on Coin Edition.