Best and worst performing cryptocurrencies in 2023. Do you own any?
economictimes.indiatimes.com
Apart from the world's top two cryptocurrencies, other popular crypto tokens like Solana remained on top with 965% returns. Avalanche (266%), Cardano (147%), Polkadot (96%), Tron (95%), XRP (82%), BNB (31%), Dogecoin (30%), and Shiba Inu (30%) were other top tokens.
Meanwhile, as far as the top 100 cryptocurrencies are concerned, BONK remained the top crypto gainer in 2023 with an increase of over 9600%. Injective (2,923%), Tellor Tributes (2200%), Kaspa (2,198%), Render (1,051%), and Marinade staked SOL (1,038%) were among the other top 100 cryptocurrencies, according to data available on CoinGecko.
On the other hand, EOS, TrueUSD, Dai, and Tether remained the top losers in 2023.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»The collective market capitalization of cryptocurrencies at the end of 2023 was $1.66 trillion. The rise in crypto prices began when BlackRock, the world's leading asset manager with more than $9 trillion in assets under management, filed for Bitcoin spot ETF.
Shivam Thakral, CEO of BuyUcoin, said, «We have witnessed very encouraging numbers in terms of growth. The total market capitalization has increased by around 60% year-to-date. This growth was driven by factors like institutional adoption, DeFi's rise, and NFT popularity. Bitcoin, the world’s largest digital asset by market cap is up by 155% at the time of writing, which makes Bitcoin one of the best-performing asset class of 2023.»
Stating the performance of crypto in 2023, Rajagopal Menon, Vice President of WazirX, said, «2023 was a year of recovery and expansion in the crypto market.
