As Bitcoin and altcoins approach the end of 2023, year-end reports have started to arrive.
At this point, popular data provider Kaiko Research published its 2023 evaluation report.
Bitcoin is Set to Finish the Year as the Best Performing Asset!
Stating that Bitcoin increased by more than 160% in 2023 despite the tight macroeconomic conditions and negative events in the crypto industry, Kaiko analysts said that they predict that BTC will complete 2023 as the best performing asset compared to other traditional assets.
Kaiko divides Bitcoin's performance in 2023 into three stages: “an early rise from the lowest levels at the beginning of the year, a mid-year pause, and a year-end rise leading to calls for a new bull market.” listed as.
Stating that only technology giant Nvidia surpassed Bitcoin during the year, analysts wrote the following.
“Although 2023 will be a bit boring, BTC has been the best performing asset among all major assets this year.
Bitcoin was surpassed only by technology giant Nvidia, whose shares more than doubled from January to May due to artificial intelligence excitement. BTC ranked second after Nvidia.”
Binance Market Share Dropped!
Analysts, who also examined Binance's market share other than Bitcoin, said that Binance started 2023 with its most dominant position, holding nearly 70% of the spot volume market share among all central exchanges.
However, analysts pointed out that this market share decreased during the year because the exchange ended its promotion on zero-fee trading pairs in March and US regulators filed a lawsuit against Binance.
Solana (SOL) is back!
After the sudden collapse of FTX, everyone predicted the demise of Solana. But the LEFT came back strong.
“Solana is most often compared to Ethereum and has significantly outperformed ETH, rising from a 0.01 price ratio to a 0.03 ratio, with the bulk of the gains coming in the last few months. Solana has attracted a lot of market attention due to the success of its airdrops.”
“Curve DAO Crisis!”
Curve experienced an attack on its liquidity pools during the year and its CRV token plummeted. With this decline, Curve DAO founder Michael Egorov faced the risk of liquidation, but Egerov recovered with CRV sales from OTC.
*This is not investment advice.
