The market capitalization of the top 20 virtual currencies and domestic tokens, the rate of rise and fall in 2023 is

Cryptocurrency market in 23 years

The crypto asset (virtual currency) market has entered its 23rd year in a winter period due to the Terra Incident in 2022 and the bankruptcy of FTX, but as the end of the year approaches, the market price has started to pick up little by little. Some say that the days of winter are over.

In 2023, the price of Bitcoin (BTC) rose due to factors such as the halving scheduled for 2024 and expectations for the approval of spot ETFs (exchange traded funds) in the United States. Ethereum (ETH) successfully completed a major upgrade called “Shapella” in April, and XRP itself was ruled not to be a security in a court case with the U.S. Securities and Exchange Commission (SEC).

In addition, the Solana (SOL) ecosystem, which received a large amount of investment from FTX and related companies, was severely damaged by the bankruptcy of FTX and others, but has since recovered. As of this writing, Solana’s price has increased over 940% year over year.

The US SEC claims that multiple cryptocurrencies are securities, and has sued Coinbase, Binance, and others, and the case is still pending, but as mentioned above, 2023 has seen an increase in positive news.

In this article, we will summarize the annual rise and fall rate of the top 20 stocks by market capitalization and virtual currencies originating in Japan in 2023.

Market capitalization ranking

The market capitalization rankings below are data published weekly by CoinMarketCap and are as of December 24th.

Source: CoinMarketCap

The following annual fluctuation rates are based on CoinGecko’s December 26th figures. The contents are listed in the order of “Currency name: Annual rate of change: 22nd year ranking → 2023 ranking”. The previous year’s rankings are based on data from CoinMarketCap as of December 25, 2022.

1. Bitcoin (BTC): +157.7%: 1→1
2. Ethereum (ETH): +85.6%: 2→2
3. Tether (USDT): -0.1%: 3→3
4. Solana (SOL): +942.1%: 16 → 4
5. BNB: +9.3%: 5→5
6. XRP: +83.2: 6 → 6
7. USD Coin (USDC): -0.2%: 4 → 7
8. Ada (ADA): +139.1%: 9→8
9. Avalanche (AVAX): +306.3%: 18→9
10. Dogecoin (DOGE): +24.1%: 8 → 10
11. Polkadot (DOT): +112.6%: 12→11
12. Tron (TRN): +92.1%: 13→12
13. Chain link (LINK): +159.7%: 21 → 13
14. Polygon (MATIC): +12.8%: 10 → 14
15. Toncoin (TON): -7.4%: 22 → 15
16. Shiba Inu Token (SHIB): +31.8%: 15 → 16
17. Dai (DAI): 0.0%: 11→17
18. Litecoin (LTC): +4.8%: 14 → 18
19. Bitcoin Cash (BCH): +130.4%: 26 → 19
20. Internet Computer (ICP): +151.2%: 36 → 20

23 years of Japanese tokens

From here, we will summarize the annual rise and fall rates of Japanese virtual currencies Palette Token (PLT), Aster Network (ASTR), and Oasis (OAS).

HashPalette, which develops the Palette Chain of Palette tokens, is a HashPort group company. In 2023, HashPort was announced as a sponsor of the Japan International Exposition (Osaka/Kansai Expo).

Aster Network announced that founder Sota Watanabe has established a new company, Startale Labs. It also collaborated with other major companies and announced plans to launch Ethereum’s L2 “Astar zkEVM.”

Regarding Oasis, Softbank and others have joined as validators, strengthened collaboration with other companies, and tokens continue to be listed on domestic exchanges.

The annual rise and fall rates of these three stocks are as follows.

• Palette Token (PLT): -12.2%
• Aster Network (ASTR): +174.2%
• Oasis (OAS): +96.6%

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