finbold.com
Despite the cryptocurrency market majorly waiting for a red September, its results positively surprised most crypto traders, as both Bitcoin (BTC) and the Total Crypto Market Cap (CRYPTOCAP: TOTAL) closed the past month with shy gains.
These results contributed to some projects accumulating even higher gains in a larger timeframe, with three cryptocurrencies from the top 100 by market capitalization more than doubling up in price year-to-date (YTD):
- Maker Protocol (MKR): +185% YTD, after accruing for 25% gains in September;
- Bitcoin Cash (BCH): +143% YTD, after surging by 13% last month;
- Solana (SOL): +104% YTD, but only gaining a shy 3% in September.
Interestingly, all three top performers had lost more than 10% of each of their values in August. Additionally, MKR was the most steady performer since the beginning of 2023, with its best month making for 50% gains, and its worst two months for 15% losses.
On the other hand, BCH had a meaningful 122% increase in price in June only, while SOL registered an amazing 140% in the first month of the year, according to data retrieved by Finbold from Coin Metrics on October 3.
MKR price analysis
Notably, MKR is still showing a steady performance even on a fairly negative day for the crypto market. Trading at $1,463 at the time of publication, with 1.4% losses in the last 24 hours, while Bitcoin is losing more than 3.5% from yesterday’s price.
BCH price analysis
Meanwhile, BCH is plummeting by 7.8% intraday, trading at $235 by press time. This represents a strong hit for Bitcoin Cash investors who were betting in a continuation uptrend after surpassing Litecoin’s (LTC) in market capitalization — a position that has already been reverted with this current retrace.
SOL price analysis
The highly scalable layer-1 blockchain is also the less volatile digital asset today among the three best performers in 2023.
SOL is changing hands by $24.25 at the time of publication, with neutral price results, not varying much from the $24.38 registered 24 hours ago.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.