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If your New Years resolution for 2024 is to get into cryptocurrency, PYMNTS Provider Ranking of Cryptocurrency Wallets is here to help.

Each month, PYMNTS uses metrics such as number of downloads, active users and more to determine the most popular crypto wallet apps in the industry.

This month, Binance remains at No.1, with others trailing closely behind. Wirex Card and Multicurrency Crypto Wallet makes its first appearance on the top 10 list, hinting at what may come in the new year.

Check out the top 10 to learn more.

Binance scores a perfect 100 and remains at No. 1.

No. 2 goes to Crypto.com again this month, scoring 93 points.

Trust Crypto and Bitcoin Wallet with 82 points remains at No. 3.

Blockchain.com Wallet, scoring 81 points, holds down No. 4.

No. 5 is a tie between Bitcoin Wallet, which climbs one ranking, and MetaMask, both scoring 78 points.

Exodus: Crypto Bitcoin Wallet is up one ranking and SafePal Crypto Wallet is up two rankings to meet at No. 6, both with a score of 68 points.

Newcomer Wirex Card and Multicurrency Crypto Wallet, scoring 57 points, lands at No. 7.

With a score of 46 points, Strike: Send and Spend Bitcoin takes the No. 8 ranking.

No. 9 remains Gemini: Buy Bitcoin Instantly with a score of 44 points.

BitPay scores 41 points and closes out the top 10.

For all PYMNTS crypto coverage, subscribe to the daily Crypto Newsletter.

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Binance Leads Provider Ranking of Crypto Wallets Into New Year - PYMNTS.com

The cryptocurrency market has been on a rally this year, further accelerating over the past two months. Investors' sentiments are high on hopes that the Federal Reserve will soon end its monetary tightening campaign, which is expected to boost the cryptocurrency market further.

On Dec 26, Bitcoin (BTC), the worlds most prominent and popular cryptocurrency, rallied above $43,000 after hitting $44,000 earlier this month. Other major cryptocurrencies like Ethereum (ETH), Cardano (ADA) and Dogecoin (DOGE) have also been on a rally.

Year to date, Bitcoin, Ethereum, Cardano and Dogecoin have returned 157.2%, 86.5%, 146.7% and 31%, respectively.

This year has been full of positive news for the crypto market, although prices were rangebound for a couple of months as investors failed to gauge the Feds next move with its interest rates.

However, the Federal Reserve hasnt hiked interest rates in its past three policy meetings after raising rates by 525 basis points as inflation has shown signs of steep decline over the past year.

This has raised hopes that the Federal Reserve will soon end its interest rate hiking policy. The central bank has also hinted at multiple rate cuts in 2024, which could be as many as three.

Higher interest rates negatively impact growth-oriented sectors, which include technology, consumer discretionary industries and cryptocurrencies.

Besides, investors are confident about an imminent approval from the Securities and Exchange Commission (SEC) for a Bitcoin exchange-traded fund (ETF). The approval is expected to wield a substantial impact, bolstering the cryptocurrency market.

Coinbase Global, Inc. COIN offers financial infrastructure and technology to support the global cryptocurrency economy. COIN provides a main financial account for consumers in the crypto space, a marketplace with liquidity for institutional crypto asset transactions, and technology and services for developers to build crypto-based applications and accept cryptocurrencies securely as payment.

Story continues

Coinbase Globals expected earnings growth rate for next year is 30.5%. The Zacks Consensus Estimate for current-year earnings has improved 45.7% over the last 60 days. Coinbase currently carries a Zacks Rank #2 (Buy).

Block Inc.SQ is an online digital and mobile payment platform for consumers and merchants and is the parent company of Square and Cash App. The users of Cash App can buy, sell, send and receive Bitcoin. In addition, SQs decentralized tbd platform allows developers to build decentralized finance applications to run on programmable blockchains. SQ is also one of the largest Bitcoin investors.

Block has an expected earnings growth rate of 53.7% for next year. The Zacks Consensus Estimate for current-year earnings has improved 16.6% over the last 60 days. SQ currently carries a Zacks Rank #2.

NVIDIA Corporation NVDA is a major player in the semiconductor industry and has been one of the standout success stories of 2023. As a leading designer of graphic processing units (GPUs), the value of the NVDA stock tends to surge in a thriving crypto market. This is primarily due to the crucial role that GPUs play in data centers, artificial intelligence, and the mining or production of cryptocurrencies.

NVIDIAs expected earnings growth rate for next year is 61.5%. The Zacks Consensus Estimate for current-year earnings has improved 14.4% over the last 60 days. Currently, NVIDIA has a Zacks Rank #2. You can seethe complete list of todays Zacks #1 Rank (Strong Buy) stocks here

Interactive Brokers Group, Inc. IBKR is a global automated electronic broker. IBKR executes, processes and trades in cryptocurrencies. IBKRs commodities futures trading desk also offers customers a chance to trade cryptocurrency futures.

Interactive Brokers Group has an expected earnings growth rate of 5.1% for next year. The Zacks Consensus Estimate for current-year earnings has improved 0.5% over the last 60 days. IBKR currently has a Zacks Rank #3 (Hold).

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4 Stocks to Watch as Bitcoin Looks Poised for a 2024 Rally - Yahoo Finance

Cryptocurrency has passed through different stages and impacts over the past decade. Though some assets survived the test of time and maintained impressive market value, others suffered and crumbled under certain pressure.

Bitcoin stands out among the thousands of digital assets in the industry that have stood the test of time, and this highlights its resilience.

The crypto market has grown significantly over the years despite the many ups and downs. According to data on CoinGecko on December 28, the cumulative crypto market cap has now reached over $1.77 trillion.

But in all these, Bitcoin still maintains the top position, with a market cap of over $844 billion. This represents almost half the total market value.

Ethereum (ETH), another prominent asset, followed closely in second place. It boasts a market cap of $288 billion. Tether (USDT), BNB, Solana (SOL), and USD Coin (USDC) are part of the list, emerging as the third, fourth, fifth, and sixth largest tokens, respectively.

Further, other crypto assets, including XRP, Cardano (ADA), and Avalanche (AVAX), are among the top ten tokens. With higher market capitalizations, they have proven their stance in the industry with time.

Additionally, Lido Staked Ether (stETH), representing Staked Ether in Lido, a liquid staking crypto protocol, made it among the top ten list.

With a closer look at Bitcoin, on Christmas Day, CoinGecko posted Bitcoin prices over the past ten years. This revealed that the flagship crypto asset has grown meteorically with significant differences within the past decade.

Moreover, data for the top ten crypto assets as of December 2013 indicated a large difference compared to the present value.According to CoinMarket, a prominent crypto data tracker and aggregator, the overall market cap stood at $12 billion ten years ago.

During the period, Bitcoin had a market cap of $8.8 billion and traded at $726.89. This reflects that BTC has recorded almost 100 times growth in line with its current market value.

Besides Bitcoin, XRP, formerly known as Ripple, has shown some significant changes in its trend over time. Ten years ago, XRP stood closely behind BTC as the second-largest crypto asset with a market cap of $2.6 billion.

Source: CoinMarketCap on December 28, 2013, Via The Wayback Machine

Also, XRP traded at $0.027 during the period. Compared to its present price of $0.64, the token has seen over 2,200% increase. Interestingly, Litecoin (LTC) was the third-largest asset, with a market cap of $550 million a decade ago.

But it has now slipped to the seventeenth position in the ranking of Cryptocurrency.

Despite the changes and setbacks in the crypto market over the past decade, the top three crypto assets saw some growth in price and valuation. However, the story is quite different for the other tokens. MasterCoin, currently renamed Omni (OMNI), was the top fourth asset with a market cap of $100 million.

The coin now occupies the #6,839 position, according to CoinMarketCap, with a market cap of $1 million. Other tokens in the list have either been delisted from crypto-tracking websites or dropped lower to several thousand in the crypto ranking.

Excerpt from:
Cryptocurrency Market Trend - 10 Years Of Growth, Changes, Advances, And Setbacks - The Tech Report

In its latest annual report, De.Fi, a premier security application provider, highlighted that the cryptocurrency industry saw losses close to $2 billion in 2023. However, theres a notable improvement: this amount is down from the $4.2 billion lost in 2022. This trend suggests that while the industry faces persistent security challenges, there are encouraging signs of resilience.

Read on for more insights that are crucial for any wise investor or trader.

Several factors contributed to this decrease in losses. Improved security protocols were instrumental. Additionally, a more vigilant crypto community and reduced market activity also played roles. Nevertheless, the report doesnt gloss over the significant $40 billion in losses linked to major entities like Terraform Labs, Celsius, and the FTX exchange.

The industrys downturn, especially for alternative tokens, also aligns with this trend.

Ethereum, a leading blockchain platform, experienced substantial losses, with around $1.35 billion taken in nearly 170 incidents. The report emphasizes that Ethereums extensive ecosystem and high-profile projects make it a prime target for malicious actors. A notable example is the $230 million breach of the cross-chain platform, Multichain, in July.

Other platforms were affected too!

The BNB Chain reported losses of $110.12 million across 213 incidents. Additionally, zkSync Era and Solana faced losses of $5.2 million and $1 million, respectively.

Centralized platforms, such as exchanges, reported significant losses of about $256 million in seven notable incidents. A key event was the November breach at Poloniex, owned by Justin Sun, resulting in a $122 million loss.

Also Read: Crypto Hacking Losses Plunged by Nearly 50% in 2023; Heres Why

The report identifies prevalent exploitation methods. Access control breaches were the most costly, resulting in over $852 million in losses across 29 cases. These breaches exploit vulnerabilities in smart contracts or platform access. Flash-loan attacks and exit scams also caused significant damages, accounting for $275 million across 36 cases and $136 million in 263 incidents, respectively.

De.Fis report offers a comprehensive overview of the 2023 crypto landscape, emphasizing the industrys ongoing efforts to combat security threats. While progress has been made, the evolving nature of these threats underscores the importance of continuous vigilance and proactive measures. Highlighted by Coinpedias yearly crypto hack report, this analysis provides invaluable insights for prioritizing security in decentralized finance and guiding future enhancements.

Also Read: Crypto Attacks of 2023: The Years Biggest Blockchain Breaches Revealed

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De.Fi Reports $2 Billion Crypto Scams in 2023: Heres the Good, Bad, and the Ugly - Coinpedia Fintech News