• The majority of cryptocurrency assets began showing positive results on charts spanning several timeframes.
• The top 5 cryptos for the final week of January boast the potential to increase by double-digits or more.
• Bitcoin (BTC) is currently trading at $22,946, an increase of roughly 9% over the previous week.
As the year 2023 began, the majority of the cryptocurrency market was optimistic, as most of its assets were showing positive results on charts spanning multiple timeframes. This growing optimism was reflected in the burgeoning prices of the top 5 cryptos for the final week of January.
One of these cryptos, Aptos (APT), has experienced a stunning surge in value, growing 127% over the past week and 440% over the previous month. At the time of writing, APT is trading at $17.93, which is remarkable given that it was valued less than $4 a month ago. This token, which debuted in October 2022 amidst much fanfare and criticism, has a market capitalization of slightly over $2 billion, making it the 35th most valuable crypto network.
The most popular cryptocurrency, Bitcoin (BTC), is currently trading at $22,946, an increase of roughly 9% over the previous week. This growth in price was driven by the increasing optimism surrounding the leading cryptocurrency, as fears of FTX contagion and rising interest rates dissipate. As a result, the quick bounce of BTC/USD pushed prices above $22,000 before they stabilized.
Another crypto asset that is making waves is Ethereum (ETH). This token has gained nearly 25% over the past week and over 50% over the past month, making it one of the top performers in the crypto market. ETH is currently trading at $1,406, which is a remarkable achievement given that it was valued at less than $1,000 a month ago. This token is also currently the second most valuable cryptocurrency network, with a market capitalization of over $160 billion.
The remaining top 5 cryptos include Cardano (ADA) and Dogecoin (DOGE). ADA has gained 17% over the past week and over 70% over the past month, and is currently trading at $1.12. DOGE, on the other hand, has gained 25% over the past week and over 500% over the past month, and is currently trading at $0.05.
The collective growth of these top 5 cryptos indicates that investors are becoming increasingly optimistic about the future of cryptocurrency. Given the current market conditions and the potential for further price growth, these cryptos may be a good choice for investors looking for long-term gains.