As we approach 2023, the cryptocurrency market is doing well. Let's see which cryptocurrencies performed the best this year.
Bitcoin price in 2023 | Source: CoinMarketCap
Cardano (ADA): Cardano is a cryptocurrency that saw a surge in interest in early 2023. Its price went from $0.29 to over $0.59 per token, with a total increase of more than 147%.
Cardano price in 2023 | Source: CoinMarketCap
Ripple (XRP): Ripple had a roller coaster year, influenced by legal battles. After a partial victory, the token's price shot up to $0.82, marking an 80% increase in a year.
XRP price in 2023 | Source: CoinMarketCap
Tron (TRX): Tron is a decentralized cryptocurrency gaining popularity. Its price increased by 91% over the past year, and it's notable for its transactions in the USDT.
Tron price in 2023 | Source: CoinMarketCap
Ethereum (ETH): Ethereum is a promising altcoin known for its innovative focus. Its price grew by more than 96% this year, making it a popular choice for developers.
Ethereum gas fees | Source: YCharts
Solana (SOL): Solana reached a new yearly high of $95.4 in December, with a remarkable price surge of over 711% throughout the year. Despite challenges, Solana's survival and recovery enhanced its appeal to investors.
Solana price in 2023 | Source: Solana price in 2023 | Source: CoinMarketCap
Looking ahead to 2024, experts predict Bitcoin's halving in April without significant shocks, and Ethereum is expected to outperform tech stocks. Bitcoin's price is forecasted to rise above $48,000 after consolidation, reaching $100,000 by December. Analysts also predict Bitcoin's price to reach $63,140 by April 2024 and $125,000 by the end of the following year.
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