Cryptocurrency analysts highlight the best and worst digital assets of 2023

Editor’s note: NOT financial advice!

At its December meeting, the US Federal Reserve once again left the interest rate unchanged at 5.25−5.5%. The decision was expected, and the markets reacted positively. Thus, bitcoin BTC $56,416.10 Bitcoin -1.81% Market capitalization $1.11 trillion VOL. 24 hours $4.33 billion rose by 4.3% on the night of December 13−14. The price returned to $ 43,000, but then corrected to $ 41,800 and entered a consolidation phase. However, the overall bull run has not yet exhausted itself. The outlook for many coins at the end of the year remains favorable.

Overall, 2023 was marked by a significant rise in the cryptocurrency market. The main growth factors were:

• Interest in the crypto sector from large investors and governments.
• Increase in the number of users.
• The emergence of new advanced technologies.
• Despite several significant fluctuations during the year, the overall market trend continues to be upward.

The most profitable of the top 100 by capitalization was the virtual coin Injective (INJ). Over the year, the owners of the asset earned 2050.4%. The cryptocurrency grew from $ 1.27 to $ 30.12, and its capitalization reached $ 2.53 billion.

In contrast, ApeCoin (APE) became the most unprofitable coin in 2023. In a growing market, the losses were relatively small — 50.3%. The price of the cryptocurrency fell from $ 3.64 to $ 1.71, and its capitalization dropped to $ 626.66 million.

The most profitable cryptocurrency in staking was Energi (NRG). The real rate of reward for blocking an asset in the protocol was 40.49%. In total, 24.23 million NRG tokens were delivered during the year. The total amount of earnings is estimated at $ 1.92 million.

Ethereum ETH $2,991.62 Ethereum -3.90% Market capitalization $359.58 billion VOL. 24 hours $2.63 billion is the leader in terms of the amount of rewards received in staking. In 2023, the owners of the asset earned $ 2.66 billion. At the same time, the ETH rate is low — only 4.63%. The total volume of blocked coins amounted to 28.58 million.