These 5 ‘Lesser Known’ Cryptos Made Headlines In The 1st Week Of January
As the first week of 2023 is about to end, some crypto managed to shake off New Year jitters and put together stellar performances, at least in the weekly gains department.
While maiden crypto Bitcoin and altcoin king Ethereum are slow to gain some steam, “lesser known” digital coins have managed to steal the spotlight as they outworked these heavyweights.
Here Are 5 Crypto With The Biggest 7-Day Gains:
Algorand, a crypto asset with an overall valuation of $1.30 billion, makes the spot thanks to its impressive showing during the past week.
According to tracking from Coingecko, at the time of writing, the coin was changing hands at $0.1829 and is up by 10.2% over the last seven days.
Despite being stuck in a bearish momentum recently, ALGO is starting the year strong, as evidenced by its 6.2% increase in value for the previous two weeks.
All of a sudden, there’s hope for this asset which is being considered by some analysts as one of the non-EVM chains with tremendous potential.
A surprise entrant in this list, OKB is proving to be a rewarding investment for its holders and investors as it currently paints its charts in green.
At press time, the altcoin is trading at $26.79 and is sitting on a weekly gain of over 11%, figures by CoinMarketCap show.
On longer time frames, the crypto asset managed to go up by 22.5% during the last 14 days and by 27.1% on its monthly performance.
Moreover, OKB tallied a 1% value hike on a year-to-date basis, veering away from the norm of digital assets staying in red in this particular department.
Near Protocol (NEAR)
NEAR, the native cryptocurrency of the Near Protocol, has started to recapture some of its losses when it was forced to trade within a narrow range during the crypto winter of 2022.
In a span of seven days, NEAR was able to go up by 14.7% to trade at $1.49. It still has lots of work to do but is definitely on the right track at the moment.
Cardano may not be a “lesser known” crypto, but we decided it deserves a spot in this ranking, considering what the crypto had to endure.
ADA is enjoying a terrific start for 2023 after struggling for most of the latter part of the previous year. The cryptocurrency is currently trading at $0.2707 and has managed to raise its value by over 11% during the previous week.
With its $9.48 billion market cap, ADA was able to stay within the top 10 of the largest cryptocurrencies in terms of overall valuation.
With many developments, including the introduction of non-synthetic stablecoins, expectations are high for this known Ethereum competitor.
Crypto total market cap at $771 billion on the daily chart | Chart: TradingView.com
And yes – Solana. SOL takes the cake in this department as it enjoys a seven-day gain of 35.5%.
The crypto that was the most affected by the untimely collapse of the FTX cryptocurrency exchange seems to have found renewed vigor as it starts 2023 with a bang.
SOL is changing hands at $12.97 and currently has a total market cap of $4.76 billion.
-Featured Image: Capital.com
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