Altcoins Rise: Top 10 Performers and Crypto Growth Stories in 2023
The rise of altcoins in 2023 has been fuelled by huge resurgence across the crypto market from the lows of 2023, but what are the top 10 performers and crypto growth stories of the year? Lets dig in.
Illustrating the crypto growth across 2023, the total global market cap for all crypto assets (11,849) across all exchanges (959) has exploded from a low of $822,907,957,030 to a present $1,740,273,666,995.
This monumental +71% growth in total market cap highlights a remarkable return to digital assets, and with major events on the horizon such as the first Bitcoin spot ETF approval (tipped for January 10) and the next Bitcoin halving event (expected late-April) – the stage is set for a skyrocketing 2024.
As 2023 comes to an end, traders are taking stock of the most dramatic rises over the past year, without further adjure – lets dig in.
The passion project of former Ethereum founder Charles Hoskinson has enjoyed a strong resurgence with the crypto market in 2023.
Posting a +153% year-to-date (YTD) gain, ADA price has pushed back from the pits of despair at $0.23 – as markets have rushed into the low-cost, high-speed layer-1 blockchain.
This was fuelled further by a successful Cardano Summit in Dubai at the start of November, an event attended by more than 30,000+ crypto enthusiasts.
Now stood at $0.62, ADA price still remains -80% below its all-time high, however, a strong performance over the course of December (+60%) has seen ADA price hammer-up to test longstanding upper trendline resistance.
As holders look into 2024, the question on everyone’s minds is whether ADA can breakout of the descendant trading channel that has dominated price action for the past 2-years.
Check Out: Latest Cardano Price Prediction
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