2023 Winners: Solana and Avalanche Take the Throne with 620% and 290% YTD Price Growth
AltIndex conducted a study on the top 10 coins by market capitalization in 2023 and found that Solana (SOL) experienced the highest price growth of 620% YTD. Avalanche (AVAX) came in second with a growth of 290%. Solana’s price surged from $12.12 to $87.3 during this period, outpacing Bitcoin’s growth. Since then, the price of SOL has risen to $113, marking a 910% increase over the past year. Similarly, AVAX saw its price rise from $11.7 to $45.7 on December 21, a growth of 290%. The market capitalization for both coins also increased significantly.
Waterfall Network Announces New Testnet 8
Waterfall Network has released Testnet 8, the final testnet before the launch of its publicly accessible mainnet. The network has achieved speeds of over 10,000 transactions per second with optimizations and bug fixes in this latest version. The release also includes improvements such as faster synchronizations, improved search for new peers, and storage optimization. Waterfall plans to continue developing fast synchronization and reduced disk space consumption based on user feedback. The network will also conduct a Testnet 8 hard fork to test fork mechanisms and implement stake delegation functionality.
Mt. Gox Double-pays Creditors Via PayPal, Asks for Money Back
The trustees of Mt. Gox sent an email to creditors asking for the return of duplicate payments made via PayPal. The first payment was intended as repayment in the civil rehabilitation proceedings of MtGox, but a system issue resulted in a second transfer being made in error. The recipients are legally obligated to return the second transfer and were requested to refund the amount through PayPal’s “Refund” feature. Mt. Gox suffered a major hack in 2014, and victims have started receiving repayments nearly ten years later.
Hot Take: Solana and Avalanche Lead the Way in 2023
Solana and Avalanche have emerged as the top performers in the crypto market in 2023, with impressive price growth of 620% and 290% YTD, respectively. Solana’s exponential rise has surpassed even Bitcoin’s growth, highlighting its potential as a promising investment. Additionally, Waterfall Network’s announcement of Testnet 8 showcases the progress being made in developing a scalable and decentralized smart contract platform. However, the recent issue with Mt. Gox serves as a reminder of the challenges and risks involved in the crypto industry. As we move forward, it will be crucial to navigate these developments and stay informed to make informed investment decisions.
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