The top 5 best performing cryptocurrencies in January 2023

As the cryptocurrency market picks up at the start of 2023, investment opportunities are flourishing again. Let’s do together a summary of the 5 cryptocurrencies that achieved the biggest performances in January.

The 5 Most Rising Cryptos

At the start of 2023, the cryptocurrency market surprised the majority of analysts. Beyond Bitcoin (BTC) and Ether (ETH) rising more than 30% in the space of a few days, some altcoins have been performing very well.

In this article, we offer you a ranking of the 5 best performing cryptocurrencies in January . For information, we have chosen to consider only the 100 most capitalized assets on the market .

top 5 ranking

Ranking of the 5 best performing cryptocurrencies in January 2023

Number 5: Frax Share (FXS)

Frax Finance is a liquidity staking protocol that notably issues the FRAX stablecoin , whose value is partially secured by collateral and partially stabilized algorithmically. The protocol’s governance token, the price of Frax Shares (FXS) has seen an exceptional increase of 120% in the space of 30 days .

As the Shanghai update is fast approaching on Ethereum (ETH), protocols offering liquidity staking have experienced an exceptional resurgence of interest at the start of the year. Precisely, Frax makes it possible to stake ETH and receive frxETH in return and thus continue to benefit from the advantages of decentralized finance (DeFi).

The main advantage of this protocol is its large treasury of CRV and CRX tokens, allowing to obtain better returns on Ether staking. As for the FXS token, it allows its holders to share part of the rewards of the protocol . This is one of the reasons FXS has seen such a surge.

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Number 4: Fantom (FTM)

This beginning of 2023 has also been marked by a strong push in layer 1 type blockchain cryptocurrencies. We have talked a lot about the good performance of Solana (SOL) , which is starting to recover after the FTX affair, but one of the biggest performances of the year is in another layer 1: Fantom (FTM).

The price of FTM , the coin of the Fantom blockchain, has achieved an excellent performance of 131% since January 1, 2023 . It is currently trading around $0.46.

The rumors of the return of Andre Cronje are there for nothing . The co-founder of the Fantom ecosystem was notably invited to speak at the Quantum Miami conference this week.

👉 Discover the Fantom blockchain and how to buy FTM in 2023

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Number 3 : Lido DAO (LDO)

Like Frax Finance, Lido is a Liquidity Staking solution on Ethereum. This allows users to stake various assets without having to have technical skills and can continue to benefit from the liquidity of their cryptocurrencies.

When an individual locks his ETH, he receives in return stETH which can, for example, be used as collateral for borrowing. The LDO is the governance token of the protocol and it has seen its price climb by 132% over the last 30 days .

The success of Lido and its governance token LDO can be explained by the same reasons as those mentioned in the case of FXS.

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Number 2: Optimism (OP)

Optimism is the first optimistic rollups solution to have emerged . Dedicated to improving the scalability of Ethereum, these sidechains have had the wind in their sails in 2022.

Launched in June 2022 via an airdrop, the OP token had not really experienced a bullish period. Against the backdrop of rumors of a potential new airdrop , users are busy making the most of the protocols of the Optimism ecosystem, which is taking advantage of this to increase in value.

The price of OP has exploded by 140% since the beginning of January 2023. It even took the opportunity to register a new all-time-high (ATH) at a price of 2.5 dollars .

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Number 1: Aptos (APT)

The big winner at the start of 2023 is the APT from Aptos. For the history, this layer 1 type blockchain was born from the ashes of Meta’s Diem (or Libra) project. Part of the team decided to found Aptos Labs and the eponymous blockchain.

This is revolutionary in several ways. First by using a new programming language, then by exploiting a new consensus method. The APT of Aptos was launched in October 2022 through a massive airdrop , having also revived the interest of investors in this practice.

Having also never experienced a bullish period, the price of APT very quickly crossed its historic high of 13 dollars (when it was listed). With an exceptional performance of 395% , it has been sailing in price discovery for several days now.

👉 All about Aptos, this ultra-scalable blockchain

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