🏆 Top 20 Altcoins of 2023
Here's what you should know
As altcoin investors, our ultimate goal is to build a portfolio that will outperform bitcoin over a medium/long term.
In this issue, we'll discuss the top 20 altcoins that beat Bitcoin in 2023.
Let’s go!
KEY POINTS
L1 Tokens are dominating the scene (33,3% of the tokens)
The Web3 Interoperability & Infrastructure Narrative is still strong (25% of the tokens)
Bonk is the biggest community coin on the Solana ecosystem with a ~400% price surge in the last 30 days.
Top 20 Altcoins of 2023
1: Bonk ($BONK)
BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community.
Category: Meme, Metaverse & Gaming
Vertical: Solana
Market Cap: $1,14b
Current Price: $0,000018
All Time High: $0,000018
365d ROI: +9067%
365d ROI vs BTC: +5857%
2: Injective ($INJ)
Injective is a Delegated Proof-of-Stake (DPoS) Layer-1 network that features a built-in decentralized exchange (DEX) order book for perpetual swap, future, and spot trading, and (support for CosmWasm smart contracts.
Category: Smart Contract
Vertical: DeFi, DEX
Market Cap: $3,65b
Current Price: $40,220
All Time High: $44,010
365d ROI: +3057%
365d ROI vs BTC: +1841%
3: Kaspa ($KAS)
Kaspa is a blockchain network that utilizes a proof-of-work consensus mechanism and employs a structure known as blockDAG for its ledger. The network, based on the GhostDAG/PHANTOM protocol, aims to maintain elements of the Bitcoin consensus such as proof-of-work mining, deflationary monetary policy, and lack of centralized governance.
Category: Smart Contract
Vertical: Cryptocurrency
Market Cap: $2,41b
Current Price: $0,107
All Time High: $0,151
365d ROI: +1898%
365d ROI vs BTC: +1105%
4: Render ($KAS)
RNDR is an ERC-20 compatible utility token used to pay for animation, motion graphics, and VFX rendering on the distributed RNDR Network, which is a peer-to-peer GPU compute network that connects creators in need of additional computation power for rendering their scenes to providers that receive RNDR tokens for their GPU power.
Category: Web3 Infrastructure
Vertical: DePIN, Streaming and Rendering
Market Cap: $1,73b
Current Price: $4,66
All Time High: $8,77
365d ROI: +1047%
365d ROI vs BTC: +565%
5: Solana ($SOL)
Solana is a public base-layer blockchain protocol that optimizes for scalability. Its goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks.
Category: Smart Contract
Vertical: Layer1
Market Cap: $51,7b
Current Price: $114,77
All Time High: $258,70
365d ROI: +1052%
365d ROI vs BTC: +568%
6: WEMIX ($WEMIX)
WEMIX is the native cryptocurrency token of the WEMIX Network, a blockchain game platform offering a platform for game developers to create games utilizing blockchain capabilities. WEMIX tokens are used in the WEMIX ecosystem to participate in games, purchase in-game assets, and engage in other transactions.
Category: Smart Contract
Vertical: Gaming
Market Cap: $1,17b
Current Price: $3,19
All Time High: $23,62
365d ROI: +797%
365d ROI vs BTC: +406%
7: Fetch ai ($FET)
Fetch.ai is a technology company and platform designed for the AI economy. It offers tools to build, deploy, and monetize AI services.
Category: Web3 Infrastructure
Vertical: AI, DePIN
Market Cap: $614m
Current Price: $0,77
All Time High: $1,12
365d ROI: +787%
365d ROI vs BTC: +400%
8: Stacks ($STX)
The Stacks Foundation supports builders working on the Bitcoin economy. The foundation focuses on blockchain research and development, education, and governance.
Category: Smart Contract
Vertical: Bitcoin
Market Cap: $2,16b
Current Price: $1,52
All Time High: $3,12
365d ROI: +710%
365d ROI vs BTC: +351%
9: Immutable X ($IMX)
Immutable X operates as the first-ever Layer 2 scaling solution for NFTs on the Ethereum blockchain. Utilizing zk rollup technology, Immutable X aims to solve high gas fee and scalability concerns when minting and trading NFTs.
Category: Smart Contract
Vertical: Layer 2, Ethereum, Gaming, NFTs
Market Cap: $3,13b
Current Price: $2,36
All Time High: $49,25
365d ROI: +614%
365d ROI vs BTC: +290%
10: Helium ($HNT)
Helium is a decentralized, open wireless network built on a new blockchain for the physical world. It relies on a novel type of work called Proof of Coverage, and a new consensus algorithm (based on HoneyBadger BFT).
Category: Web3 Infrastructure
Vertical: DePIN, Wireless and Sensor Network
Market Cap: $1,06b
Current Price: $7,31
All Time High: $54,81
365d ROI: +511%
365d ROI vs BTC: +224%
11: THORChain ($RUNE)
THORChain is a Layer-1 blockchain developed using the Cosmos SDK and the Tendermint consensus protocol. It functions as a cross-chain, permissionless Decentralized Exchange (DEX) using the automated market maker (AMM) model.
Category: Smart Contract
Vertical: Layer 1, DeFi, Cosmos
Market Cap: $1,76b
Current Price: $5,61
All Time High: $20,62
365d ROI: +370%
365d ROI vs BTC: +135%
12: Avalanche ($AVAX)
AVAX is a smart contract platform for decentralized applications that allows developers to create new, custom blockchains, called “Subnets,” that can use a subset of the protocol's existing validator set to provide network security.
Category: Smart Contract
Vertical: Layer1
Market Cap: $7,62
Current Price: $46,54
All Time High: $144,05
365d ROI: +339%
365d ROI vs BTC: +115%
13: Oasis Network ($ROSE)
The Oasis Network is a layer 1 blockchain designed to enable scalability and confidential compute. Oasis is home to Sapphire, the first confidential EVM that empowers Web3 developers to build dApps with Smart Privacy, both natively on Oasis or on other EVM-based chains.
Category: Smart Contract
Vertical: Layer1
Market Cap: $672m
Current Price: $0,14
All Time High: $0,59
365d ROI: +323%
365d ROI vs BTC: +105%
14: WOO Network ($ROSE)
WOO Network is a trading platform that offers low fees and deep liquidity for cryptocurrency trading. They provide customizable workspaces and powerful tools for traders, along with high-quality customer care.
Category: DeFi
Vertical: Exchange
Market Cap: $849m
Current Price: $0,47
All Time High: $1,77
365d ROI: +293%
365d ROI vs BTC: +86%
15: Optimism ($OP)
OP Mainnet is an L2 smart contract platform for decentralized applications on Ethereum. Optimism leads the Superchain project, focusing on interoperability and composability among different chains, and integrates isolated L2 solutions into a unified layer.
Category: Smart Contract
Vertical: Layer 2, Ethereum
Market Cap: $3,07b
Current Price: $3,32
All Time High: $3,70
365d ROI: +260%
365d ROI vs BTC: +65%
16: NEAR Protocol ($NEAR)
NEAR Protocol is a smart contract platform for decentralized applications designed to be developer and user-friendly as it features a few key innovations to accelerate the application development and user-onboarding processes.
Category: Smart Contract
Vertical: Layer 1
Market Cap: $4,28b
Current Price: $4,50
All Time High: $20,30
365d ROI: +254%
365d ROI vs BTC: +61%
17: The Graph ($GRT)
The Graph is a protocol for indexing and querying data from blockchains, removing the need for developer teams to run archival nodes that store historical blockchain data
Category: Web3 Infrastructure
Vertical: Data
Market Cap: $1,84b
Current Price: $0,19
All Time High: $6,40
365d ROI: +243%
365d ROI vs BTC: +54%
18: Aptos ($GRT)
Aptos is a Proof-of-Stake (PoS) smart contract network that uses the Move programming language for virtual machine (VM) transaction execution.
Category: Smart Contract
Vertical: Layer 1
Market Cap: $3,19b
Current Price: $10,13
All Time High: $19,85
365d ROI: +192%
365d ROI vs BTC: +22%
19: Maker ($MKR)
MakerDAO is a non-custodial stablecoin protocol built on Ethereum. DAI is the protocol’s collateral-backed stablecoin soft-pegged to the US Dollar (USD), while MKR is the protocol’s governance token used to vote on various aspects of the protocol, such as technical upgrades, risk parameters, and collateral types.
Category: DeFi
Vertical: Stablecoins, Lending, Marketplace
Market Cap: $1,29b
Current Price: $1.441,86
All Time High: $6.237,00
365d ROI: +181%
365d ROI vs BTC: +15%
20: Chainlink ($LINK)
Chainlink is an Oracle network that services various blockchains, protocols, and projects within Web3 and the broader cryptocurrency industry.
Category: Web3 Infrastructure
Vertical: Oracle, Data
Market Cap: $8,86b
Current Price: $15,41
All Time High: $52,30
365d ROI: +175%
365d ROI vs BTC: +11%
Do you want an overview of all 20 altcoins mentioned?
Take a look at this table:
Whenever you’re ready
That’s it for today.
Whenever you’re ready, here’s how AIP Premium can help you beat the market:
Tactical trades: short term bets that leverage hot narratives and market trends.
Bitcoin Beaters: undervalued blockchains we think will outperform BTC in the long term.
Micro Quality Altcoins: high-growth micro altcoins we think are willing to be tomorrow's market leaders.