These three altcoins are rising twice as fast as Bitcoin in January 2023

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Last Updated on 6 November 2023 by CryptoTips.eu

For those that have been following the crypto world for a while, it is no secret that every time Bitcoin (and Ethereum) go higher, the more speculative altcoins tend to follow suit. Since these coins have smaller market capitalizations, the digital currencies concerned rise faster (but beware, they usually drop faster too).

With Bitcoin off to a great start for the year, there are three altcoins that we at Cryptotips already discussed in the past that are up about 50% in the past week. An overview.

Advertentie.

Decentraland – 75% higher in the past seven days

DeFi coin Decentraland (MANA) continues to go very fast as large companies bet on the metaverse. The coin, owned by blockchain platform Decentraland (which has its own virtual universe), is investing heavily in virtual meeting platforms and has been working on its own metaverses for some time.

When Facebook announced in October 2021 that it would convert to Meta, the currency rose hundreds of percent in a matter of weeks. Last week came the announcement that Apple would also be developing products for the metaverse. Since then, Decentraland has been on the rise again.

Their virtual Australian Open in their own Metaverse is also appreciated on social media. If this goes well (the real Australian Open will run until January 29) the currency could climb even higher.

Helium – 60% higher in the past seven days

Napster founder Swan Fanning’s coin made headlines around January 10 when mysterious antennas were found in the mountains of Utah. Due to the many Google searches for Helium and the fact that the coin connects devices from Web3 (which is very important for investors in Davos), this coin is also going through a very positive period.

Solana – 45% higher in the past seven days

It was probably Ethereum founder Vitalik Buterin’s comments at the end of December that kept Solana from sinking. Vitalik said that Solana’s technology seemed very promising and suddenly the digital coin went smoothly from a low of $8 to $16. By now, Solana is trading at $23 and investors are looking up again.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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