Well this was unexpected. At least to most of the trading crowd who watched crypto market caps shrink substantially throughout the past 13 months.
The many altcoin bounces that we’ve seen to start 2023 have hardly been historic. But these are at least some of the larger price booms that we’ve seen ever since the crypto market bull runs came to a screeching halt in November, 2021.
Among the top 100 crypto market cap assets, some standout price returns over the past week include:
There were hundreds of projects that gained at least 10% of their price back over the past week. And surely, there is a still a long uphill climb for many of these crypto market caps to reach the levels they were at one year ago. But that said, why did 2023 kick off with such a bang for altcoins?
Crypto Market сезими
For one thing, there has been a whole lot of doubt that alts could recover after their tragic downfall throughout 2022. And these doubters could very well still be right. But when you see results like these in our polls, you can be pretty confident that FUD is ripe to be countertraded:
Source: https://beincrypto.com/crypto-market-kicks-off-2023-with-huge-gains/