Best Performing Cryptocurrencies of 2023

As we get into 2024 you may be considering broadening your portfolio to include some more crypto. It’s not a bad idea and many believe it may be the currency of the future so why not invest now? That is certainly a good question but an even more important question is what to invest in? The market is flooded with tons of coins to choose from so we’ve got the list of the best performing cryptocurrencies in 2023 categorized into two groups: established coins and emerging tokens. Here’s a breakdown:

Established coins:

  • BONK: This Solana-based meme coin took the top spot with a staggering 9600% increase in value.
  • Solana (SOL): The native token of the Solana blockchain saw a significant surge, gaining 965% in 2023.
  • Avalanche (AVAX): With its fast and scalable platform, Avalanche grew by 266%.
  • Cardano (ADA): The environmentally friendly blockchain saw a 147% increase.
  • Polkadot (DOT): This interoperable blockchain platform gained 96%.
  • Tron (TRX): The entertainment-focused blockchain network grew by 95%.
  • XRP (XRP): This cross-border payment token increased by 82%.
  • Bitcoin (BTC): The original cryptocurrency experienced a solid 155% growth.
  • Ethereum (ETH): The second-largest crypto saw a 90% increase after its successful merge to Proof-of-Stake.

Emerging tokens:

  • Injective (INJ): This decentralized exchange token skyrocketed by 2923%.
  • Tellor Tributes (TRB): This data oracle network token surged 2200%.
  • Kaspa (KAS): This privacy-focused blockchain token grew by 2198%.
  • Render (RNDR): This decentralized rendering platform token increased by 1051%.
  • Marinade staked SOL (mSOL): This liquid staking solution for SOL saw a 1038% gain.

It’s important to remember that past performance is not necessarily indicative of future results. These high gains were achieved in a volatile market, and the cryptocurrency market is inherently risky. It’s crucial to conduct thorough research and understand the risks involved before investing in any cryptocurrency but if you got the cash then spread it around.  You never know when a small $20 investment may net you almost $2k at the end of the year.

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