Altcoins News: In recent days, there has been a significant recovery in the cryptocurrency markets. According to data from CoinMarketCap, this increased the total market capitalization of cryptocurrencies to $994.8 billion on January 18. These are encouraging signs for the cryptocurrency market, which had a challenging year in 2022.
Here are 5 Top Altcoins To Add To Your Portfolio This Week
Solana
Solana was initially conceived in 2017, but it took several years for it to fully develop before its official launch in 2020. As a result of its significantly higher transaction speeds and lower fees, it was immediately hailed as an “Ethereum Killer.” Solana’s Proof-of-History consensus mechanism is one feature that sets it apart.
Solana’s price at the time of writing is $22.99, with a market capitalization of $ 8.5 B and a 24-hour trading volume down by 29.76%. Now it stands at $895 million. At the same time, the circulating supply is approximately 370,865,018 SOL as per the crypto market tracker CoinMarketCap.
Also Read: Digital Assets Outlook For 2023, What Will Be The Biggest Change?
XRP
Experts recommend Ripple XRP as one of the best altcoins to buy in 2023. Of all alternative coins, it unquestionably has one of the best use cases. International payments can now be made for fewer money thanks to Ripple. The “bankers’ crypto” known as Ripple aims to replace SWIFT as the de facto standard for international money transfers.
XRP’s price at the time of writing is $0.3877, with a market capitalization of $ 19.6 B and a 24-hour trading volume down by 12.45%. Now it stands at $1 B. At the same time, the circulating supply is approximately 50,713,323,547 XRP as per the crypto market tracker CoinMarketCap.
Cardano
One digital currency that has experienced significant value growth over time is Cardano. Cardano’s ability to reduce transaction times and energy usage is particularly noteworthy. Cardano is therefore among the altcoins that will perform the best in 2023.
Cardano’s price at the time of writing is $0.3503, with a market capitalization of $ 12 B and a 24-hour trading volume down by 11.16%. Now it stands at $305 million. At the same time, the circulating supply is approximately 34,559,640,901 ADA as per the crypto market tracker CoinMarketCap.
Shiba Inu
Shiba Inu Coin is a decentralized, community-building cryptocurrency created as part of the Shiba Inu Ecosystem. Like many other coins, Shiba Inu is built on top of the Ethereum Blockchain Network. It is a meme coin that was introduced as Dogecoin’s “Doge-Killer” competitor.
Shiba Inu’s price at the time of writing is $0.00001241, with a market capitalization of $ 6.8 B and a 24-hour trading volume up by 170.04%. Now it stands at $841 million. At the same time, the circulating supply is approximately 549,063,278,876,302 SHIB as per the crypto market tracker CoinMarketCap.
GALA
Gala Games (GALA) is a play-to-earn gaming platform built on the blockchain. However, it allows users to earn their GALA token by reaching in-game milestones. They can also design and exchange non-fungible tokens (NFTs) in the game or on exchanges that are not game-based.
Gala’s price at the time of writing is $0.0495, with a market capitalization of $ 345 million and a 24-hour trading volume up by 75.36%. Now it stands at $587 million. At the same time, the circulating supply is approximately 6,977,205,436 GALA as per the crypto market tracker CoinMarketCap
Also Read: My Neighbor Alice: An Introduction To The Play-To-Earn Crypto Game
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