The CoinGecko platform analyzed the 100 largest digital assets by capitalization and announced that 92 of them increased in price in 2023, bringing profit to their owners.
The BONK meme coin has become the leader in cryptocurrency growth, increasing by 7302% over the year. On December 28, 2023, the token price was $0.0000146. The success of the cryptocurrency was consolidated after the coin was listed on the cryptocurrency exchanges Binance and Coinbase. Another factor could be the token’s connection to the Solana blockchain, which intends to challenge Ethereum’s dominance.
The second place in terms of price growth was taken by the Injective cryptocurrency, and the third place by CorgiAI. Eight of the 100 largest cryptocurrencies recorded price declines in 2023. This group includes Tether (USDT), USDC, Dai, BUSD, TrueUSD, Toncoin, Chiliz and Sui.
CoinGecko analysts claim that the returns of the ten largest cryptocurrency companies last year ranged from 632.8% to 7302.9%.
According to CoinGecko research, Bitcoin outperformed 65 of the top 100 tokens, with its peak price changing by 162.5%, from $16,540 to $43,418.
“In 2023, BTC gained attention thanks to applications for Bitcoin ETFs from investment giants such as BlackRock and Fidelity. The launch of these exchange-traded funds could significantly expand investor access and increase the value of the first cryptocurrency,” experts write.
Matrixport analysts claim that the price of Bitcoin will soar even more amid the appearance of the first ETFs, which are expected literally any day.
Recently, Standard & Poor’s rating agency compiled a rating of stable coins, where USDT received almost the lowest score – four.
