If someone is interested in cryptocurrencies, he should be aware about best performing cryptocurrencies in 2023. Cryptocurrencies are digital currencies used for transactions that are verified and maintained in decentralized networks rather than by a central authority. Cryptocurrencies have seen many ups and downs during the past five years. Bitcoin has seen its peak at more than 68,000 USD and bottom at less than 15000 USD almost a 78% drop in its value. These fluctuations are both bone and bane for cryptocurrencies. Similarly, 2023 has also seen such changes in the crypto market. The market cap of cryptocurrencies rose to more than 1.66 trillion dollars, which is around a 60% rise in the year.
Related: Understanding the revolution of cryptocurrencies
The rise, after a steep fall post-pandemic, was primarily because of a healthy trend of adoption of cryptocurrencies in the mainstream financial ecosystem. The year 2023 is considered a year of recovery for cryptocurrencies.
Related: Understand the types of cryptocurrencies
The following are the best performing cryptocurrencies in 2023 according to coingecko.
Bonk (BONK)
Bonk is a community-oriented meme-coin and made the highest increase in the year 2023, its price rose from 0.0000002 to 0.0000146 during the last year according to coingecho, this is more than a 7300% rise. One can buy Bonk on KuCoin, Binance, CoinEx, Bybit, gateio and MEXC.
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Injective (INJ)
Injective is a technology-supporting coin that aims at the decentralization of financial transactions of digital assets and it is the second top performer of the year 2023, the price of Injective coin rose from 1.27 USD to 39.07 USD. This is a gain of more than 2970%. INJ can be easily bought on Binance and Coinbase.
Related: How to invest in cryptos in 2024
Corgiai (CORGIAI)
Corgiai is a meme coin, it is 3rd largest gainer in the year 2023. The price increased from 0.0014 USD to 0.00282 USD. In percentage, it gained more than 1950%. Corgiai is still not available on Binance, however, it can be purchased on Kucoin or directly.
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Kaspa (KAS)
Kaspa launched in November 2021 and focuses on proof of work (PoW) coins solving the issues blockchain technology faces. Kaspa is 4th best performer for the year 2023; gained more than 1860% in its value. Currently, Kaspa is being traded at 0.1094 USD. Kaspa is not available on Binance, however, it can be acquired through KuCoin, CoinEx, Bybit, gateio, and MEXC.
Render (RNDR)
Render is a technology enhancement cryptocurrency aiming at improving rendering tasks in graphics designing and animations. Render is 5th biggest gainer of the year 2023 that gained around 1140% of its value from the previous year. Currently, Render is being traded at 4.693 USD. Render is available on almost all major crypto trading platforms.
Solana (SOL)
Solana is also a technology-oriented cryptocurrency aiming towards the development of apps in a decentralized ecosystem. SOL is the sixth-best performer in the year, it has gained over 970% in value, currently, SOL is priced at more than 108 USD and can be acquired from all major crypto trading platforms.
Conflux (CFX)
Conlux is a tech-based coin, that is aimed at improving the decentralization aspect of blockchain technology specifically in the domains of e-commerce and decentralized applications (dApps). It is the seventh-best performer of the year 2023, it has gained more than 770% from last year’s value. It is currently valued at 0.2092 USD. Conflux is available on all the major crypto trading platforms.
Wemix (WEMIX)
WEMIX is based on the decentralization feature of blockchain technology focusing on consensus algorithms. Wemix is the 8th largest achiever of last year (2023). It increased by a percentage of more than 750%. Currently, Wemix is traded at a price of 2.96 USD. Wemix is not available on Binance or Kucoin, however, it can be acquired on Bybit, Bitget, BingX, Tapbit, and BitMart.
Fetchai
Fetchai is also a technology enhancement token coin, it aims at decentralized machine learning and decentralized financial apps. It is ninth best performer among cryptocurrencies in 2023. It has shown a growth of 690% in the year 2023. Currently, it is being traded at a price of 0.72 USD. For trading, Fetchai is available on Binance, OKX, Bybit, Bitrue, and CoinTR Pro.
Stacks (STX)
Stacks is a technology enhancement in decentralized computing based on Blockstack. It is among the ten best cryptocurrency performers of 2023. It has shown a growth of more than 630% in the last year. Currently, it is being traded at 1.569 USD. Stacks is available on Binance, Coinbase, Kraken, Upbit, and KuCoin for trading.
Bitcoin (BTC)
Bitcoin needs no introduction; it is the pioneer of cryptocurrencies. Bitcoin touched the bottom in the last year but recovered in the later months of 2023. Bitcoin showed a drop of more than 78%, crashing the crypto market. But later in the year, it showed tremendous growth, overall Bitcoin showed a growth of more than 162% from its last year’s value. Currently, BTC is being traded at more than 44300 USD. Bitcoin is available for trading on every major platform.
Ethereum (ETH)
Ethereum is the second biggest and second most famous cryptocurrency after Bitcoin. Ethereum also followed the trend of Bitcoin. It plunged to less than 1000 USD, but just like Bitcoin it also recovered in the later months of 2023. Ethereum showed an overall growth of more than 98% in the year 2023. Currently, Ethereum is being traded at 2325 USD. Ethereum is also one of the major cryptocurrencies, so it is available on all major crypto trading platforms.
Bottom Line
There are more than ten thousand cryptocurrencies available in the market. Some of them have been termed dead, but there are thousands available for trading. The value of cryptocurrencies fluctuates very often and very drastically as well, so it is very difficult to predict the price trajectories. Only two out of above mentioned best performing cryptocurrencies in 2023 are meme-coins. Do some research before making any investment rather than making guess-oriented investments in the crypto market. Generally, it has been observed that cryptocurrencies based on the development of technology especially, blockchain technology are performing well in the market.
FAQs
Which Cryptocurrency will boom in 2023?
Cryptocurrencies have shown a considerable rebound in the year 2023. Solana (SOL), Bitcoin (BTC), Ethereum (ETH), and Kaspa (KAS) are among the stablecoins that have gained. These coins are likely to follow the trend in 2024 as well as other altcoins and meme-coins.
Which cryptocurrencies are best for the future?
Generally, the crypto market is a high-risk one, it is best to do your own research before making any investment. Altcoins and meme-coins show growth rapidly so these are good for spot trading, however, stablecoins coins are preferable for long-term investments.
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