The digital currency market started the year 2023 with more growth of altcoins despite the more or less bearish outlook of the analysts. While the total market value reached over 851 billion dollars with a growth of 6.7% and Bitcoin was also able to cross the $17,000 mark, Dogecoin investors are still waiting for a further jump in the price of this popular meme coin.
To the report Lido DAO is one of the altcoins that performed very well at the beginning of the new year.
The token started the 2023 staking protocol at $0.959 and is now trading above $2 after a staggering 115% growth in less than 2 weeks.
Solana’s smart contract platform suffered a technical failure this year as well. However, the price of Solana, Ethereum’s competitor, has grown by more than 59% since the beginning of this year, rising from $10.15 on January 1st to $16 at the time of writing.
Cardano is another big token in terms of market cap that started 2023 with a decent jump. The value of Cardano’s smart contract platform token increased by about 30% in less than 2 weeks and is now trading at $0.315 from $0.249 at the beginning of the year.
Peer-to-peer payment network token Litecoin also started 2023 at a price of $70.06 and has risen to $81.09 as of this writing to see a significant growth of about 17% this year.
Binance Coin, the utility token of the Binance portfolio, has increased by more than 14% in less than two weeks, from $244.01 at the beginning of 2023 to its current value of $275.25.
The value of the native blockchain token Avalanche is also increasing. After jumping from $10.98 to $12.4 currently, Avalanche has started the year up about 13%.
Polkadata’s interactive blockchain token is also quietly growing, rising 12.13% since January 1st, from $4.37 to $4.9 at the time of writing.
The price of the Polygon blockchain native token, Ethereum’s layer 2 scaling solution, is also slowly increasing. During this period, die-hard buyers of Matic managed to increase the price of this altcoin from $0.768 on January 1 to $0.8442 with a growth of 10.4%.
Ethereum has not been left behind from the growth of the market. The token of the largest protocol that hosts DeFi applications, with a growth of about 10% during this period, is now trading at the price of $1,332.
Dogecoin, the most popular memecoin in the world, is at the bottom of this list with a growth of less than 8% since the beginning of the year.
Ripple has grown less than 1.7% since the beginning of the year and is now trading at $0.349 in the midst of the complaint filed by the Securities and Exchange Commission.
Finally, Bitcoin managed to reach above $17,260 from the price of $16,580 with a slow growth of 4% in the last 10 days.