3 Cryptocurrencies Under $25 That Are Up More Than 100% This Year

Seemingly out of nowhere, 2023 has turned into a banner year for the crypto market. It's not just Bitcoin, either. Bitcoin's 125% gain has propelled the entire market higher, with a growing number of crypto tokens now up triple digits for the year.

Three of these tokens are Avalanche (CRYPTO: AVAX), Chainlink (CRYPTO: LINK), and Lido DAO (CRYPTO: LDO). All three have market capitalizations north of $2 billion, are up more than 100% for the year, and are currently trading for less than $25. Let's take a closer look at each.

First up is Avalanche, which is up 144% over the past 30 days and 108% year to date. Avalanche, much like Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), is a Layer 1 blockchain network. What this means in simple terms is that it's the base layer (i.e. the Layer 1) for just about everything important that happens in the blockchain world, including non-fungible tokens (NFTs), decentralized finance (DeFi), the metaverse, and gaming.

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Source Fool.com