The broader crypto markets are starting the year on a high note, but top meme coin Dogecoin (DOGE) has yet to make a major move to the upside.
One of the best performing large-cap altcoins to start the year is Lido DAO (LDO).
The liquid staking protocol opened 2023 at $0.959 and has surged to $1.97 at time of writing, a staggering 105% rally in less than two weeks.
Smart contract platform Solana (SOL) has also been on a tear this year. The top Ethereum (ETH) rival rallied over 59%, from $10.15 on January 1st to $16.17 at time of writing.
Another large-cap token that’s making waves to start 2023 is Cardano (ADA). The smart contract protocol surged from $0.249 to open the year and is currently trading at $0.327, a solid 31% gain in less than two weeks.
Peer-to-peer payments network Litecoin (LTC) opened 2023 at $70.06 and has ascended to $82.43 at time of writing to post a decent 17% increase so far this year.
Binance Coin (BNB), the utility token of crypto exchange Binance, is making its presence felt with an over 14% climb in less than two weeks, from $244.01 at the start of 2023 to its current value of $278.16.
Smart contract protocol Avalanche (AVAX) is also on the rise. AVAX is starting year with a 13.84% rally after bouncing from $10.98 to $12.50 at time of writing.
Interoperable blockchain Polkadot (DOT) is also printing gains under the radar with a 12.59% rally from $4.37 on January 1st to $4.92 at time of writing.
Blockchain scaling solution Polygon (MATIC) is making moves as well. MATIC bulls are flexing their muscles, managing to push the altcoin from $0.768 on January 1st to $0.855 at time of writing for an 11% climb.
Ethereum is not about to be left behind. The leading smart contract protocol generated gains of nearly 9% over the same timeframe.
Leading meme token Dogecoin is at the tail end of the pack, posting gains of less than 8% so far this year.
Another large-cap coin laggard is payments network XRP with a year-to-date increase of 0.29%.
Meanwhile, king crypto Bitcoin (BTC) has been quiet as of late with a little over 3% gain in nine days.