2023 is almost at an end, and the cryptocurrency market has rejuvenated this year. Bitcoin (BTC), the original crypto, started at around $16,540 in January. Fast forward to December, and BTC has surged over $43k, growing by over 160%. The global crypto market cap has also surged to nearly $1.8 trillion, more than double what it was in January. Investing in any major crypto project would have been lucrative in 2023.
With that said, let’s look at 3 of the best-performing cryptocurrencies of 2023.
Top 3 best-performing cryptocurrencies of 2023
Solana (SOL):
Solana (SOL) was trading at $9.96 on Jan. 1, 2023. Today, the token trades for over $100. In just 12 months, the cryptocurrency’s value has surged by nearly 1000%. Recently, SOL reached a yearly high of $123.68. However, the asset faced a 5.2% correction in the daily charts, and its price is now hovering near the $100 mark.
Also Read: Solana: Trader Uses 30 SOL Worth $2k to Make Over $5.7 Million
SOL’s rally may continue into 2024, given that the cryptocurrency has a lot of support from the community. Moreover, investors seem unwavering even with FTX possibly selling over $1 billion worth of SOL.
Avalanche (AVAX):
Avalanche’s (AVAX) struggled for most of 2023. However, the cryptocurrency has made significant gains since November, rallying over 100% in the last month. Since January, AVAX’s price has surged by over 285%, making it one of the best-performing cryptocurrencies among the top 10 projects.
AVAX has a 3.8% correction in the daily charts and a 5.9% correction over the previous week. Nonetheless, the token may surge as we enter the new year.
Chainlink (LINK):
Also Read: Chainlink: Here’s How to Be a Millionaire When LINK Hits $50
Chainlink (LINK) is another prominent cryptocurrency that has made significant gains in 2023. Like AVAX, LINK’s price also struggled for most of 2023. However, the token began to rally in mid-October, surging by over 22% in the monthly charts. Since January, LINK’s price has rallied by over 209%, making it one of the best-performing crypto assets of 2023.