Powered by

Artificial Intelligence

Coin Race: Top Winners/Losers of October; BTC, ETH All-Time Highs, Meme Rally Continues

November is right here, and our month-to-month overview of the crypto market reveals that October on the entire has been an excellent month for buyers. Most cash are up, some are up massively, and some have seen falling costs.

In comparison with September, October – already dubbed “Uptober” – was a much better month. Helped by the launch of the primary bitcoin futures-backed exchange-traded funds (ETFs) within the US, the likes of bitcoin (BTC) and ethereum (ETH) each reached recent all-time highs in the course of the month, with bitcoin briefly touching the USD 67,000 mark for the primary time ever, and ETH nearing USD 4,500.

Noteworthy can be that BTC and ETH not solely noticed single-day all-time highs in October, however that the month additionally marked each cash’ highest month-to-month shut ever on all main exchanges.

Prime 10 cash in October

In October, practically all the prime 10 cash by market capitalization had an excellent month, with lots of the main cash seeing good points of round 30% for the month.

The one coin from the highest 10 listing that didn’t rise over the course of October was cardano (ADA), which as a substitute fell by simply over 11%. The losses for ADA in October got here after one other weak month in September, when the coin fell by 26%. To be truthful, nonetheless, ADA has seen good efficiency if we glance additional again, with the coin greater than doubling in value in August and it is nonetheless up by greater than 2,000% in a yr.

When it comes to different cash from the highest 10 listing by market capitalization, there’s no method round mentioning shiba inu (SHIB). The self-proclaimed “dogecoin killer” has climbed from being basically nugatory in the beginning of the yr, to coming into the highest 10 listing of probably the most helpful cryptoassets and flipping the unique dogecoin (DOGE) in October.

Over the course of the month, SHIB, now ranked because the 8th most respected cryptoasset, rose by 870%.

Lastly from the highest 10 listing, it’s additionally price noting the efficiency of the main good contract and DeFi-focused property ethereum, solana (SOL), and polkadot (DOT), which all rose by 30%-40%.

Greatest from the highest 50 in October

Looking on the broader crypto area by increasing our scope to the highest performers from the 50 largest cash by market capitalization reveals that the brand new meme coin king, SHIB, nonetheless ranks on prime. Nevertheless, many different cash additionally noticed excellent efficiency, with 4 of them greater than doubling in value.

Along with SHIB, nonetheless, MANA, the token affiliated with the digital actuality world Decentraland, additionally noticed robust efficiency in October, rising by practically 285%. The big good points had been shortly attributed to Fb’s plan to rebrand itself as Meta, a reference to the metaverse, which Decentraland and different digital actuality worlds could be thought-about part of.

Equally, Fb’s stronger emphasis on the metaverse additionally fueled the play-to-earn token axie infinity (AXS) greater, with an increase of practically 47% for the month.

When it comes to different notable cash from the highest 50, RUNE, the native token of the decentralized liquidity community THORChain, greater than doubled in value over the month. The surge in value is believed to have been fueled by a transfer to reactivate ETH swimming pools on the protocol after an exploit earlier this yr that halted the complete community.

Worst from the highest 50 in October

Switching gears to take a look at the worst performers from the highest 50 cash by market capitalization reveals how robust of a month “Uptober” actually was. Whereas the 2 best-performing cash for the month had been up 870% and 285%, respectively, the 2 worst performers had been “solely” down by 20% and 11%, respectively.

Most notable amongst these cash was FLOW, the native token of the blockchain community with the identical title designed particularly for video games and social networks. Regardless of robust backers corresponding to Andreessen Horowitz, Warner Music Group, Union Sq. Ventures, nonetheless, the worth of the FLOW token has struggled since reaching an all-time excessive of virtually USD 60 in March this yr.

Additionally price mentioning from this group of cash is CAKE, the governance token of Binance Chain’s widespread decentralized change PancakeSwap. Ranked because the 46th most respected cryptoasset, CAKE fell by practically 9% over the month of October.

The CAKE token has been in a constant downtrend since late August, and stays down by nearly 60% from its all-time excessive of round USD 44 from April 30 this yr.

Winners & losers from the highest 100 & 200

Zooming out even additional to cowl all cash within the prime 100, plenty of extremely speculative meme cash reveals simply how highly effective social media-fueled efforts to pump sure cash could be.

The highest coin from this group was a largely unknown Ethereum-based token referred to as dogeleon mars (ELON), rising by greater than 3,600%. Within the subsequent three locations on the listing got here the already talked about shiba inu and decentraland, adopted by safemoon, the token that guarantees to take holders “Safely to the moon.”

In the meantime, some cash from the highest 200 also needs to be talked about, with game-like tokens corresponding to UFO gaming (UFO) and spell token (SPELL) seeing huge good points of 712% and 605%, respectively.

Among the many worst performers from the highest 200 listing was DYDX, the governance token of the dYdX decentralized change, which fell by 33% after robust efficiency in September when the DEX recorded buying and selling volumes that even surpassed Coinbase.
____

– USD 20,000 Weekly Strikes in Bitcoin’s Worth Probably This Yr, Writer Says
– Ethereum Assessments All-Time Excessive as On-Chain Exercise Grows, SHIB Burns ETH

– Bitcoin’s ‘Shocktober,’ New Crypto ATHs
– Different Canine (and Cat)-Themed Cash Pump as Shiba Inu and Dogecoin Maintain Preventing

Tags

Share this post:

Leave a Reply

Your email address will not be published. Required fields are marked *

Stay Connected
Category

To stay on top of the ever-changing world of cryptocurrency, subscribe now to our newsletters.

Subscribe To Our Weekly Newsletter

Get notified for our latest news
We’ll never spam your inbox

At Upshot Firm, we can help your business automate using latest technologies, like New Website Development, Applications (Apps) Creation, Blockchain Integration, Artificial Intelligence (AI) process managment. We also have experience in Smart Marketing and have access to influencer.