The cryptocurrency markets have been stagnating of late. The global crypto market cap currently sits at $1.66 trillion, falling 1.4% in the last 24 hours. Nonetheless, major crypto projects have grown significantly this year, with many rising over 100% since January.
With that said, let’s look at the top project with over 100% growth.
Top 3 cryptocurrencies with over 100% growth
Bitcoin (BTC):
Bitcoin (BTC) has been among the best-performing assets of the last decade. The asset’s price fell significantly in 2022, dropping to about $16,000. However, the original crypto has gained momentum in 2023, rising by around 160% since January.
Also Read: Bitcoin: BlackRock Moves Closer to BTC ETF, Makes Amendments
Furthermore, many analysts anticipate BTC’s price to continue rising in 2024. There is a high chance that the US SEC (Securities and Exchange Commission) will approve a spot BTC ETF (Exchange Traded Fund) early next year, which may bring in a bull run for the cryptocurrency market.
Avalanche (AVAX):
Avalanche’s (AVAX) price had struggled for most of 2023. However, the cryptocurrency began to rally in early November, rising over 80% in the monthly charts. Since January this year, AVAX’s price has surged by over 275%.
Also Read: Avalanche: AVAX Surges 85%, Can it Hit $50 Next?
AVAX’s latest rally is likely fuelled by its partnership with JPMorgan and Citi and its recent token unlock. According to Ryan Mcmillin, the chief investment officer at Merkle Tree Capital, “More recently, the strength of AVAX looks to be associated with a spike in daily transactions from around $200,000 to $4.5 million over the last couple of days, daily active addresses have also seen a solid trend to the upside.“
Solana (SOL):
Solana (SOL) is among the best-performing cryptocurrencies in 2023. Since January, the asset’s price has surged by almost 654%, far outshining the likes of Bitcoin (BTC) and Avalanche (AVAX). SOL’s growth is commendable, given that the project was one of the worst-affected after the collapse of FTX.
Also Read: Solana: SOL Reaches Yearly High, Can it Hit $100 By Christmas?
Solana (SOL) recently reached a new yearly high, and many anticipate the token to continue its bullish trajectory.
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