Analysts name the most successful digital assets in 2023

According to Finbold analysts, 2023 was a remarkable year for the cryptocurrency market, with some digital assets showing impressive results. The most successful cryptocurrencies this year were:

Injective (INJ): The token grew by 3272% over the year. Injective is a blockchain platform for executing smart contracts and launching decentralized applications built on top of Cosmos. It gives users access to numerous dApps with zero gas fees.

Cryptocurrency traders and analysts on the X platform are optimistic about INJ’s prospects. For example, Victorious is bullish due to the short-term Weikoff accumulation pattern. Rekt Capital is also bullish on INJ, highlighting the previous all-time high as a support level that should hold to maintain the trend.

Kaspa (KAS): Kaspa registered a gain of 1939% during the year. Kaspa is a cryptocurrency that works thanks to the Proof of Work (PoW) mechanism and the GHOSTDOG protocol.

Render (RNDR) protocol: Render, the cryptocurrency of a decentralized GPU rendering network, grew by 972%. The asset hit a new yearly high after partnering with cloud service io.net to expand its network.

Traders and analysts on the X platform believe that RNDR’s growth will continue. Don Mimi posted a chart on Twitter showing that the RNDR price will reach the next target of $ 5.50. OurCryptoTalk said that he is buying more RNDR because of the price dynamics.

As for the market’s flagship, BTC $58,634.83 Bitcoin -2.51% Market capitalization $1.16 trillion VOL. 24 hours $2.96 billion is up 157.8% for the year and has set an all-time record, rising in value by 13,431% in 9 years. In 2021, about a month after reaching a peak of $ 69,000, the cryptocurrency was trading at $ 50,88. And in 2014, the price of BTC was only $ 318.