Solana, Bitcoin Cash, Dogecoin, and Tron are some of the most important crypto assets on the market, but how are they performing in this first half of 2023? Let’s take a look at some interesting analysis on them below.
Bitcoin Cash and Solana the best crypto assets so far: comparison with Dogecoin and Tron
According to some data, Bitcoin Cash and Solana turned out to be the cryptocurrencies with the biggest gains in the first half of the year, recording massive price increases of 176% and 118% respectively.
We emphasize that despite the regulatory challenges and price fluctuations observed over the past six months, cryptocurrencies still managed to show a remarkable return this year.
Indeed, the world’s leading and most expensive digital currencies, Bitcoin and Ethereum, saw significant year-over-year increases of 82% and 56%, respectively.
However, according to experts, these increases do not compare with those of Bitcoin Cash and Solana, which showed the best performance in the first half of the year.
Specifically, according to data presented by BitcoinCasinos.com, Bitcoin Cash ranked as the cryptocurrency with the highest growth in the first half of the year, with an incredible 176% price increase in six months.
Solana, on the other hand, followed with a remarkable 118% increase. Moreover, Bitcoin Cash experienced four times the price increase than most other top cryptocurrencies.
Focus on the prices of Bitcoin Cash and Solana
According to CoinMarketCap data, Bitcoin Cash experienced the largest price increase among the fifteen largest cryptocurrencies by market capitalization in the first half of the year.
Indeed, just a week after being listed on EDX Markets, a new crypto exchange backed by major financial players, BCH more than doubled in value, bringing its gain in six months to an impressive 176%.
That is, four times higher than most other major cryptocurrencies. This sudden price movement has attracted the attention of retail traders, with discussions on social media about BCH reaching the highest level in three years.
In addition, trading volumes of the token reached a new record high, hitting an impressive $3.2 billion on 30 June.
According to CoinMarketCap data, the token has also increased its market capitalization by more than $3.5 billion in the past six months, from $1.87 billion to $5.41 billion.
Solana, on the other hand, ranked second in terms of highest earnings, with a 118% increase over this period. At the beginning of the year, the price of a single SOL token was $9.96, while it is currently about $21.8.
Bitcoin, Ethereum, Tron and Dogecoin: the data
Bitcoin, on the other hand, ranked as the third best performing cryptocurrency in the first half of the year. Increased institutional interest in the cryptocurrency, resulted in Bitcoin reaching a new 12-month high, with the price surpassing $31,300 in June.
Despite a small correction in the last week of the month, Bitcoin closed the first half of 2023 with a remarkable 85% growth, putting it on track to record its best annual performance since 2020.
Ethereum also posted a 56% price increase in the first half, ranking as the fourth best performing cryptocurrency. TRON, Litecoin and XRP followed, with price increases of 46%, 40% and 38% respectively.
On the other hand, Toncoin, Shiba Inu, Polygon and Dogecoin were the worst performing cryptocurrencies in the first half of the year.
Data from CoinMarketCap show that Toncoin was the worst-performing token among the top 15 cryptocurrencies, with a 36% decline in price in six months. In January, the price of a single TON token was $2.17, while now it is $1.37.
Shiba Inu suffered the second largest price drop, with an 11% decrease in this period. The memecoin was trading at $0.0000071 last week and is currently ranked 18th in market capitalization in the cryptocurrency sector.
Hence far below its position in the previous year. Polygon and Dogecoin follow with price declines of 9.7% and 6% in the first half of the year.
Source: https://en.cryptonomist.ch/2023/07/10/analysis-solana-bitcoin-cash-dogecoin-tron/