ISLAMABAD: The cryptocurrency market turned bullish in the last session of the year on Sunday, with the market capitalization gaining 1.8 percent to reach $1.74 trillion. If we take a look at the top three performers of the year 2023, Solana (SOL) was trading at $9.96 on January 1, 2023. In just 12 months, the cryptocurrency’s value has surged by nearly 1000%. Recently, SOL reached a yearly high of $123.68. However, the asset faced a correction in the daily charts, and its price is now hovering near the $105 mark. Avalanche’s (AVAX) struggled for most of 2023. However, the cryptocurrency has made significant gains since November, rallying over 100% in the last month. Since January, AVAX’s price has surged by over 285%, making it one of the best-performing cryptocurrencies. Chainlink (LINK) is another prominent cryptocurrency that has made significant gains in 2023. Since January, LINK’s price has rallied by over 209%, making it one of the best-performing crypto assets of 2023. As of 1030 hours GMT on Sunday, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, went up by 2.6 percent in the last 24 hours to reach $42,696. The market capitalization of the biggest crypto has reached $836 billion with this increase. Bitcoin has been 2.1 percent down in the past seven days. BTC dipped below the $43,000 mark early Friday. Bitcoin made an attempt to exceed $43,000 on Thursday but faced resistance near the $44,000 level. Profit booking before the new year resulted in a decline below $43,000. The current consolidation level is $42,500, with immediate resistance at $43,000. A successful close above this level could propel the price higher, while support rests at $42,150. TLTP
Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, gained 1.4 percent to reach $2,310. With this increase in price, the market capitalization of ETH has reached $277 billion. ETH has gained 1.4 percent of its value during the last seven days. Ether price has made around 88 percent increase for the year.
On the other hand, Binance Coin (BNB) price surged by 2 percent to reach $323. The market capitalization of BNB has reached $49.7 billion with this increase. BNB has gained 20.3 percent of its value during the last seven days.
On the other hand, Solana price increased by 2.9 percent to reach $105. With this increase in price, its market capitalization has reached $44.9 billion. SOL has shed 8.2 percent of its value during the last seven days.
On the other hand, the price of Ripple (XRP) increased by 0.9 percent to reach $0.624. The market capitalization of XRP stands at $33.8 billion with this decrease. XRP has gained 1.3 percent of its value during the last seven days.
