In the ever-evolving world of cryptocurrencies, 2023 witnessed the rise of two formidable players, Solana and Avalanche, as they claimed the throne with astounding year-to-date (YTD) price growth of 620% and 290%, respectively. AltIndex, delving into the performance of the top 10 coins by market capitalization, unveiled these stellar winners who outshone their counterparts between January 1 and December 21.
Solana’s Soaring Success
620% Surge and Market Cap Triumph:
Solana (SOL) emerged as the unequivocal champion, experiencing an unprecedented 620% surge in its price within the stated timeframe. Starting the year at $12.12, SOL skyrocketed to $87.3 by December 21, surpassing Bitcoin in percentage growth. The rapid ascent continued, reaching $113 within a week, marking an impressive 910% increase over the past 12 months.
Market Cap Marvel:
This surge propelled Solana’s market cap from $4.3 billion in January to almost $37 billion by December 21. The momentum persisted, with the market cap reaching a remarkable $48.46 billion.
Avalanche’s Astounding Ascent
290% Growth and Market Capitalization Surge:
Avalanche (AVAX) secured the second spot with an impressive 290% price growth, leaping from $11.7 to $45.7 by December 21. Despite a minor dip to $44, AVAX recorded a substantial 276% increase over the past 12 months. The market capitalization witnessed a remarkable boost, surging by $13 billion to reach $16 billion.
Other Cryptocurrency Highlights
Bitcoin’s Resurgence:
Bitcoin (BTC) staged a noteworthy comeback, ascending from around $17,400 in January to $42,730. Boasting a current market capitalization of $836.28 billion, Bitcoin doubled in value, drawing considerable attention from mainstream investors.
Cardano (ADA) and Ethereum (ETH):
Cardano and Ethereum claimed spots in the top five performers with 140% and 85% price increases until December 21. ADA saw a 129% increase to $0.6 by December 27, while ETH recorded an 85% surge to $2,247.
Source: cryptonews.com
