As the first week of the new year is about to end, some altcoins have managed to get over the excitement of the New Year. At least in the weekly earnings section, they put on great performances. Nor are they meme-coins like Dogecoin, Shiba Inu, and BONK. Dogecoin was only able to post a 2.5% increase on a weekly basis. This has managed to grab all the attention, leaving the altcoins behind the heavyweights.
No Dogecoin among the headlines altcoins
Algorand (ALGO)
Algorand is a crypto asset with a total valuation of $1.30 billion. Altccoin draws attention thanks to its impressive performance last week. According to Coingecko’s follow-up, the cryptocurrency was changing hands at $0.1829 at the time of writing. It has also increased by 10.2% over the past seven days.
ALGO has been stuck in a bearish momentum lately. Still, it’s off to a strong start to the year, as evidenced by the 6.2% increase in value over the previous two weeks. Some analysts consider it one of the non-EVM Blockchains with enormous potential. So there is hope for this being.
OCD (OCD)
Making a surprise entry on this list, OCD has now painted their charts green. Thus, it proves to be a profitable investment for its owners and investors. At press time, the altcoin is trading at $26.79 and is sitting on a weekly gain of over 11%, according to figures from CoinMarketCap.
On longer timeframes, the crypto-asset has managed to rise 22.5% in the last 14 days and 27.1% in its monthly performance. In addition, OKB has recorded a 1% year-to-date increase in value, moving away from the norm of digital assets remaining in red in this special department.
Near Protocol (NEAR)
Near Protocol’s native cryptocurrency, NEAR, started to recoup some of its losses when it was forced to trade in a tight range in the crypto winter of 2022. Within seven days, NEAR was up 14.7% to trade at $1.49. He still has a lot of work to do. However, it is definitely on the right track at the moment.
Cardano (ADA)
Cardano may not be a ‘little known’ crypto. But considering what crypto has to endure, we decided it deserved a place in this ranking. ADA is getting off to a terrific start to 2023 after struggling through much of the second half of last year. The cryptocurrency is currently trading at $0.2707. Thus, it managed to increase its value by over 11% in the previous week.
Meanwhile, with a market cap of $9.48 billion, ADA has managed to stay in the top 10 of the largest cryptocurrencies in terms of overall valuation. With many developments, including the launch of non-synthetic stablecoins, expectations are high for this well-known Ethereum competitor.
Left (LEFT)
And yes, Solana is on the list too. cryptocoin.com As you follow, SOL is enjoying a seven-day gain of 35.5%. That’s why she takes the cake in this episode.
Solana was the cryptocurrency most affected by the untimely collapse of the FTX cryptocurrency exchange. However, it seems to have found renewed vigor as we start 2023 with a big bang. SOL changes hands at $12.97 and currently has a total market cap of $4.76 billion.