The crypto market had a strong bull run in 2021 but failed to sustain it in 2022. 2022 has been a year of frustration for the crypto market with bankruptcies, crashes and sensational events. However, crypto started 2023 more positively. Three altcoin projects that made a total of 25X in this short period of time attracted attention.
3 altcoins making a total of 25X this year
The crypto industry has witnessed a rapid recovery as 2023 begins, with the total market cap exceeding $1.1 trillion in mid-February. Here are the top three digital assets from the last 60 days.
Top 3 altcoins in February / Source: CoinMarketCapSingularityNET increased 10x
cryptocoin.com SingularityNET (AGIX), a Cardano-based blockchain-powered service provider for Artificial Intelligence (AI) projects, started 2023 with remarkable growth. The price of AGIX, the platform’s native service asset, has increased by almost 1,040% over the past 60 days.
AGIX is currently trading around $0.52, up 13.69% in the last 24 hours, according to data from CoinMarketCap (CMC). In February alone, the token rose 188% as AI-based assets boosted ChatGPT’s popularity. Launched in 2018, AGIX is still down 71% from its all-time high (ATH) $1.86 on January 20, 2018, according to CMC data. In addition, the asset ranks 77th on CMC with a market capitalization of approximately $643 million.
Singularity NET price in February / Source: CoinMarketCapConflux has grown 9x
Tier One Blockchain made headlines for being the only regulatory-compliant decentralized platform in China that allows projects to expand into Asia. However, the price of Conflux (CFX) has been fluctuating for the past two weeks. The altcoin has reported 1,000% gains since Jan. 26, but fell 40% from its CFX local peak on the last day of February.
Surprisingly, the CFX price has increased by 4.8% in the last 24 hours, registering 910% growth in the last 60 days. The asset is trading at $0.2279 with a market cap of $576 million at the time of this writing, according to CMC data.
Conflux price in February / Source: CoinMarketCapFLOKI has grown more than 5 times
Floki Inu (FLOKI), the third largest meme-coin by market cap, has increased more than five times in the last 60 days. The token, named after Elon Musk’s dog Shiba Inu, has built an ecosystem of decentralized finance (DeFi) products and a Non-Fungible Token (NFT) metaverse around it. Since the beginning of the year, FLOKI has grown 505%, up 103% in February alone, according to CMC. Meme coin is currently trading at $0.00004874 with a market cap of $434 million.
FLOKI price in February / Source: CoinMarketCapPopular Dogecoin (DOGE) millionaire Glauber Contessoto is also supporting FLOKI along with DOGE as he loses his “millionaire” status with the 2022 bear market conditions. Contessoto released a screenshot of crypto assets containing more than 1 billion FLOKI tokens on February 17. According to the tweet, it earned over 81% on FLOKI alone.
What a pleasant surprise lol #FLOKI 🚀 pic.twitter.com/EUPFtvLMEn
— SlumDOGE Millionaire (@ProTheDoge) February 16, 2023
