Solana exceeded the most important cryptocurrencies in 2023. Bitcoin added over 64 %

• Solana exceeded the most important cryptocurrencies
in 2023
• Bitcoin won over +64 %
• bulls on the cryptocurrency market could concentrate on other important cryptocurrencies until the gap is shrinking to Bitcoin

cryptocurrencies started in 2023 with a botstone. The interest bully momentum is in the 4 th month of the year, since investors still believe that more upward potential is possible.

A quick look at the leading cryptocurrencies and their development in 2023 reveals something interesting. This means that three cryptocurrencies are lagging behind the Bitcoin rally, which means that in the race for catching up to Bitcoin, there could be some momentum.

TradingView classifies the top 10 cryptocurrencies, as can be seen below. When we exclude Tether and the USD coin and concentrate on the others, we find that Doge, Polygon and BNB achieved an underperformance in 2023.

doge, polygon and BNB could catch up with Bitcoin

Surprisingly, Bitcoin is not the cryptocurrency that was best developed in 2023. Solana has increased by +67.12 % since the beginning of the year.

Bitcoin-chart of tradingView

A scenario for the future is that if Bitcoin gives up part of his profits of 2023, the other cryptocurrencies are pulled down. But those who still believe in the bullish potential of this market could see things differently.

In particular, the last three cryptocurrencies in the top 10 still have a lot of catching up to do to Bitcoin. For example, Dogecoin only rose by +13.29 % in 2023. Polygon also increased by +28.54 %, while BNB has delivered +34.71 % since the beginning of the year.

Sure enough, these are all breathtaking performances for such a short period of time. But Bitcoin increased by +64.64 % in the same period, so that there is still catch -up potential.

Overall, the subsequent cryptocurrencies here look attractive to investors who believe that the bullish rally still has a few legs. It could therefore make sense to avoid Bitcoin until the gap shrinks.