2023: The year of extreme gains in crypto

While Bitcoin closed 2023 with a moderate gain of 162.5%, other assets were starring in much wilder stories.

The ones who took the prize

Bonk led the podium with an explosion of 7,303%, putting any traditional investment to shame. But here's the interesting part: behind these astronomical numbers, there are clear patterns.

The best performers were:

• Bonk (7,303%)
• Injective (2,976%)
• CorgiAI (1,960%)
• Kaspa (1,866%)
• Render (1,139%)

The narratives that won

It was not a coincidence. The top 10 winners concentrated on three trends:

1. Meme coins - Bonk topped this category
2. Layer 1s - Solana (974%) demonstrated why it remains relevant.
3. AI & Tech - Fetch.ai and CorgiAI showed the appetite for artificial intelligence narratives.

The context of the giants

While Solana soared 974%, Ethereum closed with a 98.6%. Bitcoin, the most conservative, added 162.5%. Layer 2s like Arbitrum and Optimism also made their mark, gaining 774% in the case of Confluence.

The lesson: In 2023, risk was rewarded, but it also punished. Those who bet on trendy narratives struck it rich; those who got lost in the noise learned at their own expense.