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Cryptocurrencies are still doing well in the first few weeks of 2023, and it comes as no surprise that many people are looking for reliable digital assets to invest in.
For the final week of January, we have picked top 5 cryptos that have a strong potential to maintain their double-digit gains as the month wraps up.
These cryptocurrencies have have all amassed a total of 100% increase in the last week. All cryptos’ price increases are based on monitoring by Coingecko.
Bitcoin (BTC) – Market Cap: $441 Billion
Bitcoin has hogged the headlines of late as the alpha crypto flexes its muscles and leads our top 5 cryptos list this week.
As BTC has enjoyed a significant price increase since the beginning of the year, many market analysts are beginning to feel upbeat about the top crypto’s price potential in the next few months.
At the time of writing, Bitcoin is nearing the $23K mark with a price of $22,915, up 10.0% in the last week.
Prior to this weekend, the leading cryptocurrency by market capitalization had not closed above $23,000 since August. Nonetheless, it is still a considerable distance from its record-setting end-of-day high of over $67,000 in 2021.
OKB (OKB) – Market Cap: $8.9 Billion
OKB, an ERC-20 token owned by the OK Blockchain Foundation, is OKEx’s native cryptocurrency. OKEx is one of the largest crypto exchanges in the world.
OKEx is now ranked third in terms of liquidity, fourth in terms of trading volume, and offers a vast array of trading pairs.
As of this writing, OKB is trading at $36.12, up 15% in the last seven days, data from Coingecko show. In the last 24 hours, OKB shed nearly 3% in value.
Filecoin (FIL) – Market Cap: $2 Billion
Filecoin (FIL) is currently trading at $5.50, up 18.0% in the last week. FIL has been able to keep itself in the green zone of our top 5 cryptos list. The coin was up 5% in the last 24 hours.
CoinCodex forecasts that Filecoin’s 50-day simple moving average will reach $5.97 on February 23, 2023, while its 200-day SMA has been signaling “buy” for the past day.
Hedera (HBAR) – Market Cap: $1.7 Billion
Hedera (HBAR) is the native cryptocurrency of Hedera Hashgraph, a platform that seeks to excel in speed, efficiency, and security as an alternative to standard blockchain technology.
At the time of writing, HBAR is trading at $0.0700, maintaining a 34.2% grip in the last seven days.
According to CoinsKid’s HBAR price forecast, the currency might close this year at $0.0713 before reaching $0.0866 by the end of 2024.
Fantom (FTM) – Market Cap: $982 Million
Fantom (FTM) wraps up today’s top 5 cryptos roster. FTM is the Fantom blockchain’s native coin, existing as both an ERC-20 token and a BEP-20 token. It is compatible with both the Ethereum and Binance Smart Chain (BSC) blockchains.
At the time of writing, FTM is trading at $0.3875, up almost 19% in the last week. In the last 24 hours, the coin rose nearly $12%, showing optimism as it remains in the green.
In the previous month, FTM has exhibited a bullish trend, as depicted by the charts. If this trend continues, the cryptocurrency may run with bulls and surpass its $0.5838 resistance mark.
Featured image by EPAM
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.