There was activity in many altcoins in January.
There was activity in many altcoins in January. We left behind a month with ups and downs due to the fluctuations in the market. According to CoinMarketCap data, the top 5 altcoins among 100 crypto assets in terms of market capitalization in January are as follows;
- FTX Token (FTT)
- BORA (BORA)
- USD Coin (USDC)
- Dai (DAI)
- Tether (USDT)
FTX Token (FTT): Designed by Alameda Research, a cryptocurrency liquidity provider, FTX Token aims to enable users using leveraged transactions to perform transactions securely and automatically. FTX Token was the top earning coin with 9.10% in January.
BORA (BORA): The BORA project is a DApp platform that promotes user interaction by distributing games and digital content and using its dual blockchain structure and proprietary mechanism. BORA Token became the second highest earning coin with 3.16% in last January.
USD Coin (USDC): USD Coin (USDC) is a stablecoin pegged to the US dollar and was launched on September 26, 2018. USD Coin is an alternative to other USD-backed cryptocurrencies such as Tether (USDT) or TrueUSD (TUSD). USD Coin took the third place in the list of top earning coins with 0.07% rate last month.
Dai (DAI): Dai Coin is a decentralized, neutral, collateral-backed cryptocurrency pegged to $1. Dai took its place among the top earning coins by 0.06% in January.
Tether (USDT): Tether (USDT), which ranked fifth among the coins with the highest earning rate of 0.02% last month, according to CoinMarketCap data, is a stable coin that is the virtual version of the US dollar. Its value is always fixed at 1 USDT = 1 dollar.
You can examine the most profitable altcoins in the past month from the table:
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