Posted 12/22/2023, 8:42:00 PM
Crypto Market Soars in 2023, Outpacing S&P by 5 Times Led by Injective, RenderToken, Solana
- The CoinDesk Market Index (CMI) gained 125% in 2023, outperforming the S&P 500 by 5x
- The Computing sector index led gains among CMI sectors at 167%, followed by Currency at 150%
- Top performing tokens included Injective (32x gains), RenderToken (972% gains), and Solana (833% gains)
- Biggest losers included ApeCoin, TerraUSD, and EthereumPOW, along with some legacy projects like Zcash
- Bitcoin extended its dominance with 164% gains, while Ethereum underperformed the overall index