Cryptocurrencies are expected to reach their previous all-time high prices from previous years.
Most cryptocurrencies are starting the year 2023 on a high note. Bitcoin, in particular, has risen from a low of around $16,000 to its current price of $23,100.
Below are the top 5 cryptocurrencies that have performed well over the past seven days.
Convex Finance (CVX) +28.52
Convex Finance (CVX) is a DeFi established on the Curve Finance exchange. The Convex incentivizes CRV investors with higher DeFi returns. The CVX price has risen by almost +28.52% in the last 7 days.
According to CryptoPredictions, the CVX price is expected to settle tomorrow (01.23.2023) in the price range of $4,025 – $5,919. Convex Finance is expected to start at $4,735 tomorrow, and end the day at $4,687.
Hedera (HBAR) +35,55 %
HBAR is the native Hedera Consensus token. It has two main purposes in the Protocol: finance and operation. HBAR, like all government tokens, is used to pay transaction and clearing fees within the network. The token is also used within the consensus for operational purposes, such as data logging and fungible and non-fungible token management. The HBAR price has risen almost 35.55% in the last 7 days.
According to CryptoPredictions, the price of HBAR is expected to be located tomorrow (01.23.2023) in the range of $0.050212263033309 – $0.073841563284277. Hedera is forecast to start at $0.059073250627422 tomorrow, and end the day at $0.058482518121148.
Optimism (OP) +36.81%
Optimism is a Layer 2 scaling solution for Ethereum, whose main feature is that Ethereum application transactions are extremely cheap, and as a result, gas fees are dramatically reduced and performance is improved. OP price has increased by almost +36.81% in the last 7 days.
CryptoPredictions forecasts that the price of OP tomorrow (23.01.2023) will be in the range of $1,560 – $2,295. Optimism is expected to start at $1,836 tomorrow, and end the day at $1,872.
Frax Share (FXS) +53%
Frax, according to its website, is an open-source, non-permission fractional algorithmic stablecoin protocol. It is also an Ethereum-based platform to transform and improve the industry. FXS price has increased by almost 53% in the last 7 days.
CryptoPredictions forecasts that the FXS price will be located tomorrow (23.01.2023) in the range of $8,296 – $12,199. Frax Share is forecast to start at $9,759 tomorrow, and end the day at $9,662.
Aptos (APT) +88.12%
Aptos is a smart contract platform widely considered to be the technological heir to Meta’s failed stablecoin network, Diem. Proof of Stake is the consensus mechanism used by Layer 1 Blockchains. The APT price has risen almost 88.12% in the last 7 days.
CryptoPredictions forecasts that the price of APT will be located tomorrow (01.23.2023) in the range of $6,992 – $10,283. Aptos is expected to start at $8,226 tomorrow, and end the day at $8,391.
By Audy Castaneda