Reports released before the beginning of the year suggested that the crypto winter will become more severe in 2023. However, most cryptocurrency projects have managed to surprise analysts. Here are the top 10 projects leading the rise among altcoin projects.
The total market capitalization of Bitcoin and altcoins has increased by 36% since the beginning of the year. The total market capitalization, which was $795 billion on January 1, currently exceeds $1.1 trillion. In the rise experienced during this time, one of the leading cryptocurrencies managed to gain 84% value. While BTC found buyers at $ 16,600 at the beginning of the year, it is over $ 30,000 today.
In addition to the rise seen in Bitcoin price, the dominance rate has also increased. Despite Bitcoin’s market cap approaching 50%, several projects have recorded positive divergence. Among the top 100 cryptocurrencies by market value, the project that gained the most value since the beginning of the year was Conflux (CFX). The whole list is as follows:
- Conflux (CFX): 941%
- Injective (INJ): 500%
- Render Token (RNDR): 414%
- Stacks (STX): 234%
- Bitcoin Cash (BCH): 138%
- Immutable (IMX): 96%
- The Graph (GRT): 94%
- Rocket Pool (RPL): 84%
- KAVA: 83%
- Lido DAO (LDO): 82%
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