Altcoins News: There has been a significant recovery in the cryptocurrency markets in recent days. According to CoinMarketCap data, this increased the total market cap of cryptocurrencies to $994.8 billion on January 18. These are encouraging signs for the cryptocurrency market, which had a challenging year in 2022.

Here are 5 Top Altcoins to add to your portfolio this week

Solana

Solana was first conceived in 2017, but it took several years to fully develop before officially launching in 2020. As a result of its significantly faster transaction speeds and lower fees, it was immediately hailed as an “Ethereum Killer”. Solana’s Proof-of-History consensus mechanism is a feature that sets it apart.

Source: Coinmarketcap

Solana’s price at the time of writing is $22.99, with a market cap of $8.5 billion and a 24-hour trading volume that is down 29.76%. Now it stands at $895 million. At the same time, the circulating supply is approximately 370,865,018 SOL according to the crypto market tracker CoinMarketCap.

Also read: Digital Assets Outlook for 2023, what will be the biggest change?

XRP

Experts recommend Ripple XRP as one of the best altcoins to buy in 2023. Of all the alternative coins, it undoubtedly has one of the best use cases. Thanks to Ripple, international payments can now be made for less money. The “banking crypto” known as Ripple aims to replace SWIFT as the de facto standard for international money transfers.

Source: Coinmarketcap

The price of XRP at the time of writing is $0.3877, with a market cap of $19.6 billion and a 24-hour trading volume that is down 12.45%. Now it stands at $1 billion. At the same time, the circulating supply is approximately 50,713,323,547 XRP according to crypto market tracker CoinMarketCap.

Cardano

A digital currency that has experienced significant growth in value over time is Cardano. Cardano’s ability to reduce transaction times and energy consumption is particularly noteworthy. Cardano is therefore one of the altcoins that will perform best in 2023.

Source: Coinmarketcap

Cardano’s price at the time of writing is $0.3503, with a market cap of $12 billion and 24-hour trading volume that is down 11.16%. Now it stands at $305 million. At the same time, the circulating supply is approximately 34,559,640,901 ADA according to the crypto market tracker CoinMarketCap.

Shiba Inu

Shiba Inu Coin is a decentralized, community-building cryptocurrency created as part of the Shiba Inu ecosystem. Like many other coins, Shiba Inu is built on top of the Ethereum Blockchain network. It is a meme coin that was introduced as Dogecoin’s “Doge-Killer” competitor.

Source: Coinmarketcap

The price of Shiba Inu at the time of writing is $0.00001241, with a market cap of $6.8 billion and a 24-hour trading volume that is up 170.04%. Now it stands at $841 million. At the same time, the circulating supply is approximately 549,063,278,876,302 SHIB according to crypto market tracker CoinMarketCap.

GALA

Gala Games (GALA) is a play-to-earn gaming platform built on the blockchain. However, it allows users to earn their GALA token by reaching in-game milestones. They can also design and exchange non-fungible tokens (NFTs) in-game or on non-game based exchanges.

The price of Gala at the time of writing is $0.0495, with a market cap of $345 million and a 24-hour trading volume that is up 75.36%. Now it stands at $587 million. At the same time, the circulating supply is approximately 6,977,205,436 GALA according to crypto market tracker CoinMarketCap

Also Read: My Neighbor Alice: An Introduction to the Play-To-Earn Crypto Game

CoinGape consists of an experienced team of native content writers and editors who work around the clock to cover global news and present news as fact rather than opinion. CoinGape writers and reporters contributed to this article.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.



This post 5 Top Altcoins to Add to Your Portfolio This Week

was published first on https://coingape.com/5-top-altcoins-to-add-to-your-portfolio-this-week/

Author

Write A Comment