Top 3 cryptocurrencies of 2023 with the biggest gains of the year
The post Top 3 cryptocurrencies of 2023 with the biggest gains of the year appeared on BitcoinEthereumNews.com.
Most cryptocurrencies have had a bright 2023, accumulating massive gains during a sentiment pivot from 2022’s bear market. Greed indexes returned to 2021’s bullish levels, allowing investors to realize yearly profits. Notably, Bitcoin (BTC) outperformed 65 of the top 100 cryptocurrency projects, increasing its now lowered dominance. The leader gained attention with spot ETF applications from industry giants like BlackRock and Fidelity. However, the biggest gains in 2023 were from cryptocurrencies, appealing to a more popular narrative. In particular, meme coins, layer-1 protocols, artificial intelligence, and layer-2 solutions dominated this year’s narrative. In the top 10, a CoinGecko’s report from December 28 lists BONK, Injective (INJ), CorgiAI, Kaspa (KAS), Render (RNDR), Solana (SOL), Conflux (CFX), WEMIX, Fetch.ai (FET), and Stacks (STX). Best-performing cryptocurrencies in 2023. Source: CoinGecko Bonk (BONK) Bonk (BONK) is the biggest gainer of the year, increasing by 7,302.9%, according to CoinGecko. The meme coin built on Solana (SOL) made 2.5 times more returns than Injective in the second place. “Bonk, the top crypto gainer, had multiple narratives throughout 2023. The popularity of meme coins and the revival of the Solana ecosystem played a significant role to its success.” — CoinGecko At the time of publication, BONK was trading at $0.00001448 in the 76th position by market value from CoinMarkeCap’s index. Injective (INJ) Ranked as the number two biggest gainer of 2023, Injective witnessed a staggering hike of 2,748%, soaring from $1.27 to $36.18. Interestingly, introducing pre-launch token futures by its decentralized exchange, Helix, sparked INJ’s surge. Moreover, Injective set up an ecosystem fund valued at $150 million at the start of the year to boost the uptake of interoperable infrastructure and DeFi. INJ year-to-date chart. Source: Finbold CorgiAI (CORGIAI) As reported by CoinGecko: “CorgiAI (CORGIAI) is the third largest crypto gainer of 2023, increasing by 1,959.7% from…
Filed under: News - @ December 30, 2023 8:24 pm