Cryptocurrencies made a serious comeback this year, despite the regulatory twists and ups and downs seen in the past six months. The world’s largest and most expensive digital coins, Bitcoin and Ethereum, saw their prices rise high above last year’s level, growing by 82% and 56%, respectively. But that is nothing compared to Bitcoin Cash and Solana, the top-performing cryptocurrencies in the year’s first half.
According to data presented by BitcoinCasinos.com, Bitcoin Cash was the top crypto gainer in H1, with its price surging by an astonishing 176% in six months. Solana followed with just as impressive 118% growth.
Bitcoin Cash Saw 4x Bigger Price Growth than Most Other Top Cryptocurrencies
The CoinMarketCap data show Bitcoin Cash saw the biggest price jump among the fifteen largest cryptocurrencies by market cap in the first half of the year. Just a week after its listing on the EDX Markets, a new crypto exchange backed by financial heavyweights, BCH has more than doubled, pushing its six-month gain to an impressive 176%, four times more than most other largest cryptocurrencies.
The sudden price move has drawn the attention of retail traders, with social discussions about the BCH rising to the highest point in three years. But the token’s trading volumes also hit a new record, reaching a massive $3.2bn on June 30. The CoinMarketCap data also show the token added more than $3.5bn to its market cap in the past six months, rising from $1.87bn to $5.41.
Solana has seen the second-largest gain of 118% in this period. On January 1, the price of a single SOL token stood at $9.96; at the time of writing it was $21.8.
Bitcoin ranked as the third best-performing crypto in the year’s first half. The renewed institutional interest in cryptocurrency sent Bitcoin surging to a new 12-month high, with its price jumping above $31,300 in June. Although BTC lost some of its gains in the last week of the month, it still finished the first half of 2023 with an impressive 85% growth, putting it on track for its best annual performance since 2020.
Ethereum’s price grew by 56% in H1, ranking as the fourth biggest crypto gainer. TRON, Litecoin, and XRP followed, with 46%, 40%, and 38% price gains, respectively.
Toncoin, Shiba Inu, Polygon, and Dogecoin Were the Worst Performers in H1
While Bitcoin Cash and Solana saw their prices surge in the past six months, other cryptocurrencies continued underperforming the market.
The CoinMarketCap data show Toncoin was the worst-performing token among the top 15 cryptos, with its price falling by 36% in six months. In January, the price of a single TON token was $2.17, and now it’s $1.37.
Shiba Inu saw the second-largest price drop of 11% in this period. The meme coin was traded at $0.0000071 last week and is currently the 18th largest cryptocurrency in the crypto space, way down from its last year’s ranking. Polygon and Dogecoin follow, with their prices falling by 9.7% and 6% in the year’s first half.