The crypto market has been experiencing a good run since the start of 2023. Thanks to the bullish trend that Bitcoin entered the year with, other cryptocurrencies started increasing massively. But it would be safe to say that we are in the crypto alt season rather than Bitcoin. Although Bitcoin kick-started the bullish trend, altcoins have taken over the show.
For any investor interested in buying cryptocurrencies by this time of the year, some altcoins are up for your consideration. Although this is not financial advice, these altcoins have been doing better than Bitcoin since the year started. Some have increased by over 20% of what they started the year with and will likely continue.
Brace up as we would discuss some of the tokens enjoying the crypto alt season and are doing far better than Bitcoin. You may also want to see our list of top meme coins for February.
Cardano has started making progress to rise from its ruins since the year started. 2022 was a very bad year for Cardano, mainly because of its effects from the FTX collapse. It made the price of Cardano decrease so much that it ended the year at less than $0.25.
However, since 2023 started, cryptocurrency has been experiencing different bolts of success. Its price has also increased compared to what it started the year with. From less than $0.25, the price of Cardano has risen to almost $0.41. Many crypto analysts predict Cardano will continue to increase in price for the rest of 2023.
Ethereum is one of the cryptocurrencies serving a huge purpose within the crypto industry. The whole decentralized finance sector of the crypto industry would be in shambles if Ethereum abruptly goes out of existence. Apart from this, Ethereum has been going head-to-head with Bitcoin in terms of gains since the start of the year. In fact, many crypto analysts have predicted that Ethereum will have a terrific year in 2023.
Because Ethereum started the year with a price of fewer than 1,200 USD, it has done incredibly well, at approximately 1,700 USD. Assuming one bought one Ethereum during the start of 2023, they would have been in more than $400 profit by now.
If any cryptocurrency should be on the list of the best altcoins for 2023, MATIC should be among the top 3. The cryptocurrency has done incredibly well within the first two months of 2023. Comparing the price it started the year with and the current price, it has risen by more than 40%. At a point within the first two months of 2023, the price of this cryptocurrency increased by more than 50%.
Assuming a crypto investor invested in this token on the first of January 2023, they would have earned a profit of more than 40% by now. That’s how good MATIC has been since the start of 2023. Because of this, investors have been actively going after this token as they consider it to be doing well in generating profit. It hasn’t slowed down either, as it continues its bullish trend.
- Binance Coin
Binance coin is enjoying the crypto alt season since its price has increased since the year started. Owned by one of the biggest exchanges in crypto, Binance coin has made huge strides in many cryptocurrencies.
It started the year with a price lower than $250, but its price at the time of writing was currently $313. This is a good run for the Binance coin as professional traders predict the price to increase even more in the coming months. Increased activity in the Binance ecosystem also contributes to the price increase.
The price of Solana astronomically increased in 2023 because of many things in its ecosystem. But apart from this, the features Solana developers have integrated into its ecosystem have made it more profitable. Solana is definitely one of the best altcoins for 2023 due to numerous predictions on its price.
Even before 2023 started, Solana experienced a massive boost when the Bonk token broke out in its ecosystem. With the Bonk token’s price increase, investors started trooping into the Solana network to buy Bonk. Subsequently, activities on the Solana blockchain helped to increase its price. Analysts have shared that other things will make Solana increase in price in 2023. Since it’s a decentralized finance network, it will be in demand in 2023.