In the first quarter of 2023, what kind of price activity was experienced on the side of BTC, ETH, DOGE, XRP, ADA?
Ended with our step in April of 2023 In the first quarter, there was a lot of activity in the crypto industry . Not only in the cryptocurrency market, but globally, there were significant differences in many financial areas. since the beginning of January in cryptocurrencies, which are on the rise, Bitcoin ( BTC), Ethereum ( ETH), Ripple ( XRP), Cardano ( ISLAND) and Dogecoin ( DOGE) were evaluated.
From time to time Fed rate decisions, at times bank crisesThe crypto industry, hit by a blow, has somehow moved on managed to progress in the upward direction.What about the main names of the cryptocurrency market in this time period? how did it perform?
Bitcoin (BTC): Market Holds Its Flag, 74.52 Percent Increase
BTC, which stepped into 2023 at $ 16,719, especially With the volume candle shown towards the end of the 1st quarter He stated that he is the leader of the sector with r. With the end of January, it was seen that the FUD news flow accelerated. These news feeds include BTC, Between 2 and 10 February, there was a decrease of 12 percent. directed. Cryptocurrency investors, I wonder This rise One scam was it ?” question occurred.
Next, hong– KongBTC, which started to attack again with the news coming from one side, “ A large audience of buyers accompanied by Asian-based crypto projects “He got it. starting in mid-March bank crises triggered the trend towards the crypto industry, increasing the inflow of money into the market. Reaching $29,178 in a short timeframe, BTC saw the peak of the last 10 months. managed to get appreciation from crypto investors for the first quarter.
Ethereum (ETH): Shanghai and Capella Hand in Hand, 55.85% Increase!
With the Shanghai and Capella dates approaching, ETH emerging in the crypto scene, showed an increase of close to 56 percent for the first quarter. ETH, which stepped into the new year from $ 1.192 levels, of the year 2023 reached $ 1,858 in the first quarter, seeing the peak of the last 7 months. ETH, which acts more cautiously compared to other altcoins, did not make very hard pricing in the short time frame. Although ETH, which fell to $ 1,370 on March 10, created a fearful short period for the crypto market, As the days of Shanghai and Capella upgrade are counted, this performance has recovered.
Counting days for Shanghai and Capella, ETH made moves since the beginning of April and managed to carry the price peak to $1,942. Creating a positive atmosphere ahead of the Shanghai and Capella updates ETH has prepared time for the rise of many altcoins with the price momentum it has shown.
Ripple (XRP): Star Of The SEC Litigation Was Nearly 100 Percent!
XRP, which sailed into the new year at bottom prices, He was able to refocus all the attention on the developments in the SEC case.One of the most established coins in the crypto ecosystem. XRP is up 94.59 percent in the first quarter exhibited. With this rise, the popular coin, It has almost doubled its price since the beginning of the year. . With the positive developments coming from the SEC case, which its investors have been eagerly waiting for, it took the wind behind it. XRP was among the altcoins that marked the first quarter.
Currently moving below the monthly and weekly opening price, XRP has created a much talked about pricing in the first quarter of the new year. In previous periods, of the market to the increase unresponsive by staying known“ XRP, this time with great competition, sat on the throne of altcoins.
Dogecoin (DOGE): Twitter Gesture Late: 44.10 Percent Increase
Outperforming other coins DOGE, Actually Twitter missed the first quarter due to the realization date of the gesture. Elon Musk, one of DOGE’s maximalists and the owner of Twitter, has created an incredible atmosphere at DOGE since the beginning of the year. Recently, Twitter added the DOGE logo to its homepage. field shield memecoinIn a short time, it had an increase of 66 percent. However, since this move of Twitter came in April, it could not be included in the first quarter performance.
DOGE, which remained weaker than other cryptocurrencies in the first quarter of 2023, truly said, “After this innovation of Twitter, spring mood “Caught. Catching great volatility with Elon Musk’s highlight Still $1 more from crypto communities for DOGEThe goal keeps coming.
Cardano (ADA): Shine With Its CEO: 74.41 Percent Increase!
ADA, one of the old names of the sector, especially as of this year It created a good mood in the company of its CEO, Charles Hoskinson.Hoskinson’s talk about the upcoming innovations, especially on the ADA side, and the comments about the future of crypto, brought ADA out of its silence and stood up. ADA increased by approximately 75 percent After seeing this price, it encountered a sales wave and entered a falling trend. The major coin, which gained momentum again with the appreciation of BTC, Looks like he’s eyeing the monthly opening price.
