Solana and Avalanche Take the 2023 Throne with 620% and 290% Price Growth + More News

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AltIndex looked into the best performers among the top 10 coins by market capitalization in 2023, year-to-date (to be precise, between January 1 and December 21). It found that Solana (SOL) is the biggest crypto winner among the top 10. Its price surged by 620% in this time frame. Avalanche (AVAX) came second with a 290% growth.

In January, the price of SOL stood at $12.12. On December 21, it hit $87.3. This 620% increase “shows that Solana saw four times bigger price growth than the world’s largest crypto, Bitcoin.”

But things in crypto change fast. By the time of writing this article, less than a week later, the SOL price rose to $113, and it’s currently up 910% over the past 12 months.

Thanks to this increase, Solana added more than $32 billion to its market cap, rising from $4.3 billion in January to almost $37 billion on December 21. It continued to climb. At the time of writing the article, it’s up to $48.46 billion.

Avalanche ranked as the second-largest crypto gainer in 2023. The price of an AVAX token soared by 290%, rising from $11.7 to $45.7 on December 21. Since then, the price dropped slightly to $44. However, AVAX recorded an increase over the past 12 months of 276%.

Its market capitalization has increased by an impressive $13 billion since the beginning of the year and now stands at $16 billion.

Bitcoin (BTC) went up from around $17,400 in January to $42,730 today. Its current market capitalization is $836.28 billion.

“After being at the center of the crypto price crash, losing millions of active addresses and billions in market cap, BTC drew a lot