What Crypto Winter? Bitcoin Is Up 35%, 12 Other Cryptocurrencies Doubled in Value
There has been a lot of talk about a “crypto winter” but there might be signs of a crypto spring, with Bitcoin topping $22,000 for the first time in five months, rising 35 percent in value just in January, according to data from Bitcoin Casinos.
The rise in crypto prices is much broader than just Bitcoin, the most expensive and widely traded of the world’s cryptocurrencies crypto has begun 2023 on a positive note, bringing some long-awaited optimism to the market. For the first time in five months, Bitcoin climbed above $22,000 and is up 35% in the last 30 days. However, some other cryptocurrencies have witnessed much bigger growth.
A dozen cryptocurrencies 2X or more
According to CoinMarketcap data, 12 cryptocurrencies have more than doubled so far in January. The prices of another 18 cryptocurrencies jumped between 55% and 95%.
The Aptos cryptocurrency led the pack with the biggest price growth in the last 30 days. Aptos, which traded at $3.59 a month ago, surged 252% to over $13 this week. The latest price rally pushed its market cap above $2.1B, up from $472.6M a month ago.
Gala gained 178% in price, month-over-month. The token was traded at $0.051 this week, up from $0.018 in December. Lido DAO closely followed, with a 173% price jump in the last 30 days. Last month, the price of a single LDO coin stood at $1.03, and now it`s over $2.60.
Threshold, Optimism, and Frax Share follow with 171%, 141%, and a 132% growth month-over-month. However, statistics show Decentraland, Solana, Curve DAO Token, BitDAO, Fantom, and Rocket Pool all saw their values more than double in January, ranking on the list of biggest crypto gainers.
It’s still crypto winter for some tokens
Some digital coins fell in value over the past month, but it was more of a dip than a plummet. According to CoinMarketCap data, UNUS SED LEO topped the list of crypto losers in January, with nearly a 6% price drop month-over-month. That is far less that the crypto price that have rocked the industry over the last year. Last month, the utility token used across the iFinex ecosystem was valued at $3.65, but its price slipped to $3.44.
Toncoin, the second on the list of crypto losers, lost around 5% in value in the last 30 days. Huobi Token fell 4.65% in price during the same period.
Peter Page is the Contributions Editor at Grit Daily. Formerly at Entrepreneur.com, he began his journalism career as a newspaper reporter long before print journalism had even heard of the internet, much less realized it would demolish the industry. The years he worked a police reporter are a big influence on his world view to this day. Page has some degree of expertise in environmental policy, the energy economy, ecosystem dynamics, the anthropology of urban gangs, the workings of civil and criminal courts, politics, the machinations of government, and the art of crystallizing thought in writing.
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