The cryptocurrency markets have significantly recovered in recent days. CoinMarketCap stats show that on January 18, this raised the overall market capitalization of cryptocurrencies to $994.8 billion. These are positive developments for the cryptocurrency industry, which had a difficult year in 2022.
Here are the Top 5 Altcoins to Add This Week to Your Portfolio.
Cardano
Cardano is one digital currency whose value has increased significantly over time. Particularly remarkable is Cardano’s capacity to cut down on both energy consumption and transaction times. Cardano is one of the altcoins that will do the best in 2023 as a result.
Cardano’s price is $0.3503 at the time of writing, with a market cap of $12 billion and a daily trading volume that is down 11.16%. It is currently worth $305 million. The CoinMarketCap cryptocurrency market tracker estimates that 34,559,640,901 ADA are currently in circulation.
Shiba Inu
A decentralized cryptocurrency that fosters community growth, Shiba Inu Coin was developed as a component of the Shiba Inu Ecosystem. Shiba Inu is based on the Ethereum Blockchain Network, just like many other coins. It’s a meme coin that was launched as a “Doge-Killer” rival to Dogecoin.
Shiba Inu is currently trading for $0.00001241, has a market worth of $ 6.8 billion, and has had a 170.04% increase in 24-hour trading volume. It is currently $841 million. At the same time, the cryptocurrency market tracker CoinMarketCap estimates that there are currently 549,063,278,876,302 SHIB in circulation.
Solana
Despite being initially envisioned in 2017, Solana took many years to fully develop before making its public debut in 2020. It was heralded as an “Ethereum Killer” right away due to its noticeably faster transaction speeds and lower fees. One aspect that distinguishes Solana is its Proof-of-History consensus process.
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The price of Solana is $22.99 at the time of writing, with a market cap of $8.5 billion and a 24-hour trading volume that is down by 29.76%. It is currently $895 million. At the same time, the cryptocurrency market tracker CoinMarketCap estimates that there are currently about 370,865,018 SOLs in circulation.
GALA
A play-to-earn gaming platform built on the blockchain is called Gala Games (GALA). Users can, however, acquire their GALA token by completing in-game objectives. They can also create and trade non-fungible tokens (NFTs) within the game or on non-game-based exchanges.
At the time of writing, Gala’s price is $0.0495, with a market capitalization of $345 million and a daily trading volume that has increased by 75.36%. It is currently worth $587 million. At the same time, according to cryptocurrency market tracker CoinMarketCap, the circulating supply of GALA is roughly 6,977,205,436.
XRP
Ripple XRP is one of the top altcoins to buy in 2023, according to experts. It undoubtedly has one of the best use cases among alternative coinage. Ripple has made it more affordable to send money internationally. In order to displace SWIFT as the de facto norm for international money transfers, the “bankers’ crypto” known as Ripple was created.
At the time of writing, the price of XRP is $0.3877, with a market value of $ 19.6 B and a 24-hour trading volume that has decreased by 12.45%. It is currently worth $1 B. At the same moment, the cryptocurrency market tracker CoinMarketCap estimates that there are currently 50,713,323,547 XRP in circulation.