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The blockchain data platform Kaiko revealed in an X (formerly Twitter) post yesterday that Bitcoin Cash (BCH) recorded the biggest improvement in liquidity rankings in Q3 of this year. Meanwhile, Steller (XLM), Tron (TRX), and Ethereum Classic (ETC) jumped more than 5 positions on the list.
$BCH improved the most in our liquidity rankings in Q3, while $XLM $TRX and $ETC also jumped more than 5 spots. $AVAX fell 11 spots while $TON $SHIB $OKB $LEO and $CRO all fell 10 spots. pic.twitter.com/gxTCyUgYhD
— Kaiko (@KaikoData) October 5, 2023
Conversely, Avalanche (AVAX), Toncoin (TON), Shiba Inu (SHIB), OKB, UNUS SED LEO (LEO), and Cronos (CRO) all suffered a decrease in their respective liquidity levels. Consequently, Kaiko shared that AVAX dropped 11 spots, while the rest of these altcoins all fell 10 positions on Kaiko’s list of the cryptocurrencies with the highest levels of liquidity.
The majority of the market seems to have printed gains over the past 24 hours. CoinMarketCap data indicated that the market’s valuation rose 0.11% over the past day of trading. Subsequently, the cryptocurrency market cap was estimated to be around $1.09 trillion at press time.
TRX, ETC, OKB, and XLM did not follow the prominent trend seen in the cryptocurrency market throughout the past 24 hours. At press time, TRX was down 3.43%. This brought the altcoin’s price down to $0.08616 as a result. Similarly, ETC and OKB saw their prices drop by 0.19% and 0.49% respectively. Meanwhile, XLM’s 0.17% loss meant that it was trading at $0.1111.
On the other hand, LEO was able to achieve a 24-hour gain of 1% – elevating the cryptocurrency’s price to $3.81 at press time. BCH followed suit and recorded a 0.18% uptick in its price, while AVAX and TON posted gains of 5.14% and 5.72% respectively.
The popular meme coin SHIB was changing hands at $0.000007200 following a slight 0.20% increase in its price. Furthermore, CRO’s 0.18% 24-hour gain meant that it was trading hands at $0.05035 at press time.
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