From Bullish Rallies to Steady Gains, Here’s Top 10 Cryptos Year-to-Date Performance

Emerging from the crypto winter, 2023 has seen a dramatic twist in the price action of the top cryptocurrencies. Here’s how the top 10 most capitalized coins performed Year-to-Date (YTD).

The compilation made by Coingecko underscores how much dynamism lies in the crypto ecosystem, with gains ranging from a 6% slump for Binance Coin (BNB) to a gain of 511% recorded by Solana (SOL). The impressive market performance also pegs Binance Coin as the only crypto in gains from January 1 to December 6 when it compiled the data.

How Did the Big Coins Fare?

Bitcoin (BTC) opened the year with a price of $16,540, with its price of $44,105 as of December 6, it has grown by 167%. The basis for this growth is understandable, seeing that the coin was the subject of Bitcoin ETF hype from the 3rd quarter to date. 

Ethereum opened the year at $1,196 and, after several corrections, has grown to $2,294, registering an outstanding gain of 92%. Binance Coin’s slight price retracement from $246 at the beginning of the year to $231 is unprecedented, considering how growth-oriented the coin is per its positive ecosystem.

The 6% slump stems from the impacts of the regulatory challenges the exchange is facing in the US. While it has settled with the United States Department of Justice (DOJ) in a historic $4.3 billion charge, allegations of operating a security brokerage outfit by the SEC remain a headwind to deal with.

XRP’s recognition as a non-security fueled its 83% surge from $0.34 on January 1 to $0.622 as of December 6. Solana was the biggest of the coins profiled, with a 511% jump. By moving from $9.96 in January to $60.90 this month, SOL has ultimately broken free from the impacts of the FTX implosion.

More Altcoin Wonder Showcased

Cardano (ADA) managed a 21% growth by moving from $0.35 to $0.426, and Dogecoin (DOGE) recorded a 23% jump after shifting from $0.077 at the start of the year to $0.0942. The Shiba-Inu-themed meme coin could not hit the $0.1 price mark as of the time Coingecko compiled its data.

Avalanche (AVAX) pulled one of the most dramatic comebacks of the top 10 assets profiled, entering the elite mark atop its sustained 27% growth for the week. In the YTD period, it grew from $10.89 to $24.40, a massive 124% gain. Tron (TRX) mimicked this bullish trend with its 90% growth after moving from $0.0545 to $0.10.

Chainlink (LINK), as the dominant oracle, did not disappoint, ranking in second place with an 182% jump garnered when its price moved from $5.57 on January 1 to $15.72 as of December 6.