Investing.com | Editor Yael Klempner
Published Oct 29, 2023 05:58AM ET
The cryptocurrency market in 2023 has seen significant growth, with Bitcoin’s 106% increase being outshone by several altcoins. Rollbit Coin led the charge with a remarkable surge of 7,429%, followed by Pendle at 1,807%, and Injective at 961%. Other notable performers included Kaspa and Tellor with increases of 898% and 717% respectively, while Tominet marked a rise of 686%. Aptos and Chainlink also made gains over 100%, with Bitcoin Cash and Maker increasing by 151% and 177%.
Despite the overall uptrend, some cryptocurrencies faced substantial losses. Flare led this group with a plunge of 97.83% while Arbitrum, Sei, Terra 2.0, and Apecoin also experienced heavy losses. Pancakeswap saw a decrease of 61.09%, joining LUNC, ETHW, HT, and ALGO in the list of notable decliners.
Looking forward to the year 2025, market predictions anticipate a surge for Bitcoin ($BTC), Dogecoin ($DOGE), and InQubeta ($QUBE). Robert Kiyosaki predicts Bitcoin hitting $135k, attributing the potential growth to factors such as the ‘Uptober’ bull run, the halving event, spot ETF approval, and FOMO traders.
Dogecoin is forecasted to reach $1 as per AngeloBTC’s prediction. The prediction is backed by its potential use in Elon Musk’s X Everything app and his previous affiliation with the cryptocurrency.
InQubeta, an AI-centric altcoin supporting AI tech startups through an NFT marketplace, is set for a significant rally. The presale for this coin has already amassed roughly $3.9 million with over 420 million tokens sold. The project’s staking mechanism offers additional rewards to token holders, further incentivizing investment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Written By: Investing.com
