The crypto market is off to a good start at the start of the year, with leading cryptocurrencies like Bitcoin and Ethereum. But the fourth-week crypto market ended with a red streak as crypto leaders Bitcoin and Ethereum lost the green streak on Friday.
The price of Bitcoin was unpredictable, from the past few weeks, Bitcoin experienced a 10% growth rate in its value. On Jan 28, the BTC market opened at $23,209 and gained 0.68% in the past 24 hours. It has increased by more than 1% from the past week.
Recently, the second largest investment bank Goldman Sachs has called Bitcoin the “world’s best-performing asset of 2023.”
On Jan 25, Wendy Rogers, an Arizona US state senator, tweeted about a new cryptocurrency bill. If a bill is passed, Arizona will become the first state in the United States to accept Bitcoin for financial transactions.
Ethereum is down by 2.29% for the fourth week, trading at $1596.6, according to the CoinMarketCap. On Monday, Ethereum developers released progress on the network’s next upgrade Shanagi, which is expected to launch by March.
This new Ethereum upgrade will help the users to withdraw their Ether staked from the past few years systematically and securely.
The most popular and successful crypto game yet, Axie Infinity, a monster battlefield game based on the Ethereum mainnet, has recorded 2x profits after a long gap. Ronin, specially designed for Axie Infinity, surged in price from $0.26 to $0.74, more than a 184% increase at the start of the year.
At the start of the year, Axie Infinity was trading at around $6.11. In mid-Jan, the price surged to a high of $13.92. Currently, AXS is trading at $11.50 (at press time), down by 2.44% in the last 24 hours.
The majority of crypto analysts did not expect Apto’s sudden rise in the crypto market. From the start of the year, Aptos positioned itself as one of the strongest players in the market, with a rise of more than 150%. The current price of APT is $18.18, up by 3.10% in the last 24 hours.
Avalanche experienced the highest growth rate since August 2022; AVAX surged by 14% higher this weekend. At press time, AVAX is trading at $20.41, down by 0.03% in the past 24 hours.
Twitter CEO Elon Musk’s favorite Dogecoin was one of Saturday’s strongest players. Currently, DOGE is trading at $0.088, up by 3.44% in the last week.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/02/02/weekend-strongest-players-axie-aptos-avalanche-doge-bitcoin-maintaining-streak/