The broader crypto markets are starting the year on a high note, but top meme coin Dogecoin (DOGE) has yet to make a major move to the upside.
One of the best performing large-cap altcoins to start the year is Lido DAO (LDO).
The liquid staking protocol opened 2023 at $0.959 and has surged to $1.97 at time of writing, a staggering 105% rally in less than two weeks.
Smart contract platform Solana (SOL) has also been on a tear this year. The top Ethereum (ETH) rival rallied over 59%, from $10.15 on January 1st to $16.17 at time of writing.
Another large-cap token that’s making waves to start 2023 is Cardano (ADA). The smart contract protocol surged from $0.249 to open the year and is currently trading at $0.327, a solid 31% gain in less than two weeks.
Peer-to-peer payments network Litecoin (LTC) opened 2023 at $70.06 and has ascended to $82.43 at time of writing to post a decent 17% increase so far this year.
Binance Coin (BNB), the utility token of crypto exchange Binance, is making its presence felt with an over 14% climb in less than two weeks, from $244.01 at the start of 2023 to its current value of $278.16.
Smart contract protocol Avalanche (AVAX) is also on the rise. AVAX is starting year with a 13.84% rally after bouncing from $10.98 to $12.50 at time of writing.
Interoperable blockchain Polkadot (DOT) is also printing gains under the radar with a 12.59% rally from $4.37 on January 1st to $4.92 at time of writing.
Blockchain scaling solution Polygon (MATIC) is making moves as well. MATIC bulls are flexing their muscles, managing to push the altcoin from $0.768 on January 1st to $0.855 at time of writing for an 11% climb.
Ethereum is not about to be left behind. The leading smart contract protocol generated gains of nearly 9% over the same timeframe.
Leading meme token Dogecoin is at the tail end of the pack, posting gains of less than 8% so far this year.
Another large-cap coin laggard is payments network XRP with a year-to-date increase of 0.29%.
Meanwhile, king crypto Bitcoin (BTC) has been quiet as of late with a little over 3% gain in nine days.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Fariza Abdurrazaq/MrArtHit
