These 5 Altcoins Have Filled Pockets! – Cryptokoin.com

The cryptocurrency market started the new year with a small bull run. Investors hope the rally will be critical in helping the market recover from last year’s prolonged bearish sentiment. Let’s take a look at the top-paying altcoin projects so far. SHIB is not on the list…

Top 5 altcoins so far in 2023

DAO Lido (LDO)

Lido DAO (LDO) is a popular Ethereum (ETH) liquid staking solution. The altcoin has risen to the top of the cryptocurrency market with the help of overall optimicstic and potential network developments. In this context, the Lido rally coincided with the announcement of the upcoming Ethereum Shanghai update. If the upgrade is launched before March, investors are expected to gain access to the Ethereum they stake and Lido Finance will benefit.

However, the network owns a sizable portion of the staked Ethereum and continues to benefit once the pullback is initiated. LDO spikes around 8% at the time of writing. It has gained 67% since last year.

Left (LEFT)

Solana has managed to dispel recent concerns about her ties to the bankrupt FTX crypto exchange. In particular, concerns have led to uncertainty about the future of the network, resulting in a significant drop in value.

However, the hype surrounding the Bonk (BONK) cryptocurrency seemed to provide a lifeline for SOL. The meme coin attempting to imitate the Shiba Inu (SHIB) was airdropped to Solana NFT communities, resulting in a significant price increase for Solana. SOL was up 57.46% year-over-year and was trading around $16 at the time of publication.

aptos (APT)

The Web3 project is rising along with the rest of the market. Interestingly, it dispels concerns about the lack of activity in Blockchain and the limited use cases that have led to speculation about its future.

Indeed, Aptos has benefited from the interest generated by the blockchain venture capital fund. APT is currently trading around $5.00, up 46.39% year-on-year.

Zilliqa (ZIL)

In 2022, Zilliqa (ZIL), a transaction processing blockchain, was one of the most active cryptocurrencies. However, the bears put the project under pressure around November. ZIL seems to have picked up where it left off last year with planned network expansion and a possible venture into other industries. The entity, which has attracted the interest of the community, is reportedly planning to enter the gaming industry. ZIL is currently trading around $0.02, up 38.86 percent year-over-year.

Cosmos (ATOM)

A layered Blockchain that combines the speed and interoperability of the Comos network Kava (KAVA) stands out among altcoins that have recently experienced a price boom. It’s worth noting that the Kava (KAVA) rally has been fueled by faster network development as the team moves towards the roadmap. The purpose of the development activity is to make Kava a one-stop shop for DeFi. KAVA is currently trading around $0.70 with projected gains of 37.49% in 2023.

Finally, the highlighted cryptocurrencies face an uphill battle to protect the recorded gains. However, there is still some uncertainty in the crypto market due to the potential long-term effects of the FTX collapse and macroeconomic factors. cryptocoin.com We have included the inflation data from the USA in this article.

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