Top performers this year and what to watch for in 2024

Layer 1 Blockchain Solana (SOL) ~ led In terms of token price growth, 2023 is closely followed by other altcoins Avalanche (AVAX), Stacks (STX), and Helium (HNT). Solana, which began its rapid rise in mid-October, has risen more than 700% since the beginning of the year. HNT also showed significant gains, rising 500%. Most of the advancements have come this month since the company moved into the mobile space. For Avalanche, there have been several institutional partnerships that have helped boost the token by around 300% to date. Analysts have pointed to the tokenization of real-world assets as a booming sector to watch in the future. Former derivatives trader and Infiniti Labs founder Chris Newhouse said the ‘DePIN (Decentralized Physical Infrastructure) story’ will continue to be a hot topic, with tokens such as RNDR and HNT recently outperforming the market. He said it would be. DePIN incentivizes building real-world infrastructure using cryptocurrency tokens.