How many times has the cryptocurrency with the largest increase in 2023 increased?

By Nicholas Boey, Coingecko

Compiled by: Song Xue, Golden Finance

Bonk (BONK) is 2023cryptocurrencyThe biggest increasecryptocurrency，从 1 月 1 日的 0.0000002 美元增长到 2023 年 12 月 28 日的 0.0000146 美元，增长了 7,302.9%。Bonk 的回报率是 2023 年第二大cryptocurrency涨幅第二大的 Injective 的 2.5 倍。Bonk 的空投标志着 Solana 的扭亏为盈，引起了交易员和投资者的关注。

Injective (INJ) became the second largest cryptocurrency in 2023, growing from $1.27 to $39.07, a gain of 2976.4%. Injective's rise began with its decentralizedexchange(DEX) Helix launched a pre-launchTokenIn addition, Injective established a $150 million ecosystem fund at the beginning of the year to accelerate the adoption of interoperable infrastructure and DeFi.

CorgiAI (CORGIAI) is the third largest cryptocurrency in 2023, growing from $0.00014 to $0.00282, an increase of 1959.7%. CorgiAI as Cronos BlockchainThe main meme coin on the market has achieved good momentum, in line with variousBlockchainThere is a trend of each having its own “meme coin”.

The returns of the top 10 cryptocurrencies with the largest gains range from 632.8% to 7302.9%. Holding any of these cryptocurrencies at the beginning of the year would have allowed investors to return at least 3.9 times more than Bitcoin and Ethereum.

Top Crypto Winners Have Popular Narratives

The top 10 cryptocurrencies with the largest gains in 2023 are all one of the most popular narratives, namely memecoins, Layer1 protocols, artificial intelligence, and Layer2 solutions.

Bonk, the top-gaining cryptocurrency, has multiple narratives for 2023. The popularity of memecoins and the resurgence of the Solana ecosystem are both the most popular narratives for 2023 and have played a major role in its success.

8 of the top 100 cryptocurrencies to fall in price by 2023

Between the beginning of 2023 and December 28, eight of the top 100 cryptocurrencies have seen price declines. This group includes Tether (Tether, USDT), USD Coin (USDC), Dai (DAI), Binance USD (BUSD), TrueUSD (TUSD), Toncoin (TON), Chiliz (CHZ), and Sui (SUI).

Five of these eight were stablecoins, which saw their prices fall slightly below their $1.00 pegged value, resulting in price drops of up to 0.3%.

TON, CHZ, and SUI were the only three non-stablecoin losers in 2023, with their prices falling from 0.6% to 40.6%. But note that Sui was only launched on May 3, 2023, and its price closed at a high of $1.40 before reaching $0.83 on December 28, 2023.

Bitcoin performance in 2023

Bitcoin (BTC) Outperforms 65 of the Top 100 CryptocurrenciesToken, from $16,540 to $43,418 since the beginning of the year until December 28, 2023, an increase of 162.5%. This suggests that a random cryptocurrency from this group could beat Bitcoin’s growth rate in 2023 by about one-third.

In 2023, Bitcoin has attracted attention due to the spot ETF applications from giants such as BlackRock and Fidelity. Approval can significantly expand investor access and increase the value of Bitcoin.

Bitcoin Performance Comparison with Layer 1

Bitcoin outperformed Ethereum (ETH) by 1.7 times in 2023. Bitcoin's price return of 162.5% is higher than Ethereum's price return of 98.6% in 2023.

Bitcoin also outperformed 18 of the 30 Layer 1s in the top 100 cryptocurrencies in 2023. However, Bitcoin lagged behind the remaining 11 Layer 1s, four of which were among the top 10 cryptocurrency gainers.

Holding INJ, KAS, SOL, or CFX would have yielded at least 4.8x higher returns than holding Bitcoin and Ethereum at the beginning of the year. However, it is worth noting that smaller Layer 1s carry higher risks as they compete to gain market share from the more established cryptocurrencies Bitcoin and Ethereum.

Statistics on the top ten cryptocurrency gains in 2023

Price returns for the top 10 cryptocurrencies gainers (Bitcoin and Ethereum) in 2023 are:

The article comes from the Internet:Which cryptocurrency will have the biggest increase in 2023?Xiaobai NavigationHow many times has it increased?

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