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Top cryptocurrencies to start 2023 with

By:
on Jan 2, 2023
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  • In the last 24 hours, MATIC's trading volume increased by 35%, CAKE's by 16%, and ATOM's by 58%.
  • MATIC can increase by 22%, CAKE by 12%, and ATOM by 21%.
  • All of these cryptocurrencies can experience growth in January 2023 and beyond.

Polygon (MATIC/USD), PancakeSwap (CAKE/USD), and Cosmos (ATOM/USD) have all seen a spike in trading volume throughout the past 24 hours.

Polygon is an Ethereum (ETH/USD) scaling platform and infrastructure on top of which development can occur and features the Polygon SDK as a means of supporting the building of decentralized applications (dApps) powered by the MATIC token.

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PancakeSwap is an automated market maker (AMM) and decentralized finance (DeFi) application that lets users exchange tokens and provide liquidity through farming, where they can earn fees and rewards powered by the CAKE token.

Cosmos is essentially an ecosystem of blockchains, a Layer-0 protocol that aims to power interoperable and sovereign blockchain applications and services, powered by the ATOM coin.

Should you buy Polygon (MATIC)?

On January 2, 2023, Polygon (MATIC) had a value of $0.7791.

MATIC/USD Chart by Tradingview

The all-time high of the Polygon (MATIC) cryptocurrency was on December 27, 2021, at a value of $2.92. Here we can see that at its ATH, the token was $2.1409 higher in value, or 247% higher.

When we go over the Polygon (MATIC) performance throughout the last seven days, we can see that its low point was at $0.749567. Its highest point was at $0.818468. Here we can see a price difference of $0.068901 or by 9%.

In terms of the 24-hour performance, Polygon (MATIC) saw its low point at $0.750551, while its high point was at $0.780637. This marked another difference of $0.030086 or by 4%.

With this in mind, investors will want to buy MATIC at the start of 2023, as it can climb to $1 by the end of January 2022.

Should you buy PancakeSwap (CAKE)?

On January 2, 2023, PancakeSwap (CAKE) had a value of $3.21.

CAKE/USD Chart by Tradingview

The all-time high of PancakeSwap (CAKE) was on April 30, 2021, at a value of $43.96. Here we can see that at its ATH, the token was $40.75 higher in value, or 1,269% higher.

In terms of the 7-day performance, PancakeSwap (CAKE) saw its low point at $3.12, while its high point was at $3.32. Here we can see a difference of $0.2 or by 6%.

However, when we take a look at the 24-hour performance, PancakeSwap (CAKE) saw its low point at $3.13, while its high point was at $3.21. Here we can see another difference of $0.08 or by 2%.

With this in mind, CAKE can reach $3.6 by the end of January 2023, and investors will want to buy CAKE as it has high growth potential throughout the year.

Should you buy Cosmos (ATOM)?

On January 2, 2023, Cosmos (ATOM) had a value of $9.898.

ATOM/USD Chart by Tradingview

When we look at the all-time high point of value, Cosmos (ATOM) saw its ATH at $44.45 on January 17, 2022. Here we can see the coin was higher by $34.552 or by 349%.

When we go over the weekly performance behind Cosmos (ATOM), we can see that its low point was at $8.98, while its high point was at $9.91. Here we can see a difference of $0.93 or by 10%.

However, when we go over the 24-hour performance, Cosmos (ATOM) saw its low point at $9.36, while the high point was at $9.95. This marked a difference of $0.59 or 6%.

With this in mind, investors will want to buy ATOM as it can reach $12 by the end of January 2022.