Top 5 Cryptocurrencies in January 2023

Even though these top 5 cryptocurrencies are not at the top of the list in terms of market capitalization, the gains they made in January 2023 were considerable.

January 2023 was a big month for cryptocurrencies. There are over 20,000 cryptocurrencies that make up the $1.13 trillion market cap the market is valued at. Among these assets, five stood out as the best performers in January. These coins saw significant growth in their prices, with APT leading the pack, while GALA came in second. Both tokens increased over 200x from their initial prices at the beginning of January.

Aptos (APT)

Market Capitalization: $2,454,649,790 The layer-1 Web3 blockchain token started the month with $3.76. Its price surge started on January 9. The asset was valued at $5.21—a 72.1% rise from its value at the beginning of the month. The price was on an upward surge till January 22 (valued at $13.31), which was a 255.5% increase, before it saw a slight dip the next day.

The price picked back up and peaked at $18.88 on January 26, a 502.1% rise in its value from January 1.

Gala (GALA)

Market Capitalization: $369,808,531 The value of Gala Games’ utility token on January 1 was $0.017. The price surge also started on January 9 when it rose to $0.040, a 358.8% rise in value. The token peaked at $0.061 on January 28—a 347.1% increase from its January 1 value.

Threshold (T)

Market Capitalization: $374,046,214 The T token serves as a governance token for the Threshold DAO as well as a utility token for the Threshold Network. The token’s value at the start of January was $0.016. Unlike the first 2, the price surge started in the last week of January from the 23rd and peaked on January 24.

The price was $0.059—a 337.5% increase from the beginning of the month.

Decentraland (MANA)

Market Capitalization: $1,439,325,003 MANA is an ERC20 token that powers the Decentraland ecosystem. The token’s price at the beginning of January was $0.30, and its value kept moving in an upward trend. It peaked at $0.80 on January 29, a 266% increase.

Solana (SOL)

Market Capitalization: $8,765,175,127 The last cryptocurrency on our list is SOL. The price of the Ethereum killer at the beginning of January was $9.99. It peaked at $29.29 on January 29—a 263.2% rise in value.

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