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5 altcoins that continue to rise since the beginning of 2023 | The latest news (forex - currencies - gold - stock market) today

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Digital currencies today

No one can deny the merit of the decisions of the US Federal Reserve on the prices of cryptocurrency markets, facing global inflation crises and raising interest rates, which led to the ability of digital currencies to move in the positive direction, as happened with the two largest currencies in the crypto markets, namely " Bitcoin BTC - Ethereum ETH "

In the past few days, cryptocurrencies have witnessed a severe wave of losses, in light of the rise of the US dollar currency to the highest level since the beginning of last year, and the rise of the world's most famous digital currency, "Bitcoin", to about $24,000.

However.. since the beginning of the new year 2023, crypto markets began to witness a noticeable improvement in prices in general, as bitcoin was able to return again after it faced many crises last year.

At the same time, a large number of altcoins benefited from these events and were able to reap profits and achieve progress in market values. The price of these altcoins more than doubled in the first month of the new year, which is a good indication for future investment.

1. dYdX coin

dYdX is one of the few altcoins that has managed to keep up with the positive development of crypto and move away relatively from its price last year.

dYdX is up 202% over the past month, which is one of the best performing cryptocurrencies in 2023, reaching $3.59.

2. Fantom coin

Thanks to Fantom's fast transactions and low cost, the FTM blockchain is a good alternative to the Ethereum coin. Since the beginning of this year, the FTM coin prices have tripled to $0.56.

Like other digital currencies, the FTM benefited from the Federal Reserve's decisions to raise interest rates.

3. Decentraland coin

This currency was also able to achieve significant gains, as it jumped from the level of $0.31 to $0.73.

4. AVAX coin

In light of the Federal Reserve's interest rate announcements, AVAX prices rose immediately as did many other altcoins.

Today, the AVAX index reached approximately $22.77, before falling again last week, but this indicator still indicates a strong possibility for the price to rise again.

5. Near Protocol currency

The price of the alternative currency, NEAR, increased at a significant rate, as it is now trading at $2.36, but during the past days it has declined by about 6.5%, according to statistics.

A digital currency is approaching the dollar barrier

One of the alternative digital currencies topped the list of cryptocurrency markets, as it witnessed unprecedented heights and is approaching the dollar barrier at these moments.

And this currency is called " Agyx ", as this currency rose during today's trading, Wednesday, to reach 0.5987 dollars, where in just one week this currency was insane, amid great astonishment of investors.

Officially: the Egyptian pound is holding on at 30.35


Today, Wednesday, February 8, the Central Bank of Egypt revealed the stability of exchange rates against the Egyptian pound. In exchange for this temporary cohesion of the currency against the US dollar, gold prices decreased in Egypt.

According to Central Bank data, the dollar exchange rates have now stabilized at levels of " 30.3523 pounds for sale, while 30.2559 pounds for the dollar for purchase "

The latest currency news today

  • The US dollar jumped to its highest levels since the beginning of the year against the euro, as the euro fell against the dollar to $1.0724.

  • The Turkish lira fell to 18.85 against the dollar, especially after it was hit by a strong earthquake that struck central Turkey and northwestern Syria.

  • The British pound fell to $1.20245.

gold today

In the local gold markets, gold artifacts continued to decline during today's trading, after losing nearly 50 pounds in the past week. Gold prices in the Egyptian markets were as follows:

  • The price of a gram of 18 carat gold was about 1466 pounds.

  • The price of a gram of 21 karat gold recorded about 1710 pounds.

  • The price of a gram of 24 karat gold recorded about 1954 pounds.

  • The price of a gram of 21 karat gold recorded about 13,680 pounds.

stock market today

In the Egyptian stock market, the EGX30 indices rose to levels of 16,900 thousand points, after trading on 484.86 million shares, with a value of 1.99 billion pounds.


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