In recent weeks, numerous altcoins have experienced significant growth. While the overall market has risen, some cryptocurrencies have had even more substantial increases, leading to their rise in market capitalization rankings. What altcoins are likely to climb into the top 10 by the end of the year? This article is all about the top 4 altcoins 2023. Let’s take a look at it in more detail.
Top 4 altcoins 2023: What was the recent performance of Bitcoin?
Recently, the price of Bitcoin has stabilized after strong growth in the early and mid-January period. It established a resistance at the $23,000 level, around which it has been fluctuating.
Over the past few days, the price of bitcoin experienced a sudden increase above the previously established resistance level. The price rose to as high as $23,800 before briefly climbing above $24,000. However, it soon retreated and has been hovering around $23,600 for the past few hours.
Top 4 altcoins 2023
Here are 4 altcoins that could potentially rise into the top 10 rankings in the near future:
A bear market is always a good time to move up the cryptocurrency list for “traditional” cryptocurrencies. Litecoin was the first Altcoin to be created, two years after Bitcoin, in 2011.
Litecoin was able to rise in the list of cryptocurrencies, particularly as a result of the FTX crash, and after a long period of time returned to the top 10. Due to severe crypto market crises that may still threaten in 2023 (recession in financial markets, insolvency of the Digital Currency Group), Litecoin may stand to gain and could be the part of top 4 altcoins 2023.
The year 2022 has been particularly harsh on Avalanche’s AVAX token. It appeared that the token might drop out of the top 20 cryptocurrencies. However, the AVAX was one of the biggest gainers in recent weeks in January 2023. The Avalanche blockchain gained popularity due to its high scalability and efficiency. If the market resumes its bullish trend in the coming year, Avalanche could benefit and become one of the top ten altcoins.
Shiba Inu (SHIB)
Shiba Inu was another altcoin that experienced a surge in January 2023. It is the second most popular meme coin and experienced some wild rallies in January. Unlike Dogecoin, the Shiba Inu coin saw one of the largest increases in January. If we see more January-like rallies in 2023, FOMO for the Shiba Inu coin may begin. This could propel the Shiba Inu into the top ten cryptocurrencies in terms of market capitalization.
Chainlink has to be the altcoin that makes the most inroads into the top ten. The LINK token is currently ranked 21st, with a market cap one-third that of the 10th, Polygon’s Matic coin. Chainlink, on the other hand, could finally break into the top tier of cryptocurrencies in 2023. Tokenizing external content on the blockchain and smart contracts will likely become more important in the future. Chainlink’s Oracle capabilities should benefit from this. This could be in the the top 4 altcoins 2023.
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