The Top Performing Cryptocurrencies of Q3 2023

BCH, XMR, ETC, FIL, and APT are among the best-performing cryptocurrencies in the third quarter of 2023. In a recent report, Kaiko, the crypto asset>

Kaiko’s recent report covered various metrics and spread across the top 40 cryptocurrencies. However, in the area of price increases, the above-mentioned cryptos led the way among six other crypto tokens that outperformed the rest of the crypto market. The remaining six tokens include MNT, NEAR, OP, AAVE, GRT, and ALGO.

Bitcoin Cash (BCH)

BCH rose from an opening price of $110 on June 21 to a seasonal high of $329 on the last day of the month. Despite price consolidation, BCH’s price has remained relatively stable in a sideways trend, showing significant momentum. BCH is the native coin of Bitcoin Cash, a fork of the pioneer cryptocurrency, Bitcoin. BCH traded for $225.48 at the time of writing.

Monero (XMR)

XMR rallied in the last two weeks to the end of Q2 2023. XMR price rose from $131.59 on June 14 to a seasonal high of $172.49 on July 3. XMR, the native crypto of the privacy-focused Monero blockchain, fell significantly to a low of $135.81 before posting a recovery. XMR traded for $151.21 at the time of writing.

Ethereum Classic (ETC)

ETC entered Q3 with an 85% rally that began on June 12. The rally saw ETC’s price push from $12.65 to $23.29 in less than three weeks. A significant retracement that pulled the altcoin’s price down to $13.60 followed the rally before bouncing to the current price of $15.18. ETC is the native coin of Ethereum Classic, a hard fork of Ethereum.

Filecoin (FIL)

FIL price rose from $2.678 on June 10 to a quarterly high of $4.969 on July 3. That rally reflected an 85% profit for the token of the decentralized storage protocol, Filecoin. However, the blockchain’s token embarked on a significant retracement and dropped to $2.949 before bouncing back up. FIL traded for $3.268 at the time of writing.

Algorand (ALGO)

ALGO’s price rallied from $0.0914 on June 10 to $0.1409 on June 25. However, it traded for $0.1280 at the beginning of July before retracing to $0.0924 by the middle of September. ALGO traded for $0.0954 at the time of writing. Algorand, ALGO’s parent blockchain, is a self-sustaining decentralized network that supports a wide range of applications.