November has arrived, and our monthly crypto market. View shows that the whole of October has been a good month for investors. Many coins are high, some are very high, and few have seen prices fall. Coin Crypto News
Compared to September, October – now known as “October” – was the best month ever. Assisted by the introduction of the first. Bitcoin-backed exchange-traded funds (ETFs) in the US. The preferences of bitcoin (BTC) and Ethereum (ETH) were both reached. The highest level during the month. With bitcoin affecting USD 67,000 marks for the first time and ETH is approaching USD 4,500. Coin Crypto News
It is also noteworthy that BTC and ETH not only saw a one-day. High in October, but that month also marked the closure. Of both monthly currencies on all major exchanges.
Top 10 coins in October
In October, almost all the top 10 spending currencies. The market had a good month, most of the big money saw profits of about 30% per month. Coin Crypto New
The only currency from the 10th list. That did not rise in mid-October was Cardano (ADA), instead of falling more than 11%. The ADA loss in October came after another weak month in September. When the coin dropped by 26%. But, to be honest, the ADA has seen good performance in retrospect. With double the price in August and still rising by more than 2,000% per year. Coin Crypto New
According to other currencies from the top 10 currency markets currencies. There is no way to say Shiba Inu (SHIB). The self-proclaimed “dogecoin killer” has risen from the ashes at the beginning of the year. Entered the top 10 most important crypto. Assets and investigated the original dogecoin (DOGE) in October. Coin Crypto New
Over the course of the month, SHIB, now listed as the 8th most important crypto asset, has risen by 870%.
Last but not least on the top ten list, is the performance. Of the major smart contracts with Defi-focused assets Ethereum. Solana (SOL), and Polkadot (DOT) all increased by 30% -40%. Coin Crypto News
Best from the top 50 in October
Looking at the broader crypto space by expanding our scope for leading players. The top 50 big-money monitors in the market show that the new master of meme coin, SHIB. Is still at the forefront. But, many other coins also saw outstanding performance, 4 of which were more than double the price. Coin Crypto News
Also to SHIB, MANA is a token linked to the virtual reality world. Decentraland, had a strong month in October, rising by 285 percent. Significant benefits were immediately felt on Facebook. Redesign processes such as Meta, metaverse reference, Decentraland. and other real worlds that could be part of it.
Facebook’s strong emphasis on the metaverse. Also boosted the play-to-earn axle infinity (AXS) token high, with an increase of about 47% per month. Coin Crypto News
According to some notable coins from the top 50, RUNE. A native token of the liquidity network dedicated to THORChain. Doubled in price per month. The price hike has prompted a move to rehabilitate ETH pools. In the protocol after exploitation earlier. This year that shut down the entire network. Coin Crypto News Coin Crypto News
The worst from the top 50 in October Advantages and Disadvantages
Changing gears to look at the worst players from the top 50 coins. In the market, money reveals how powerful “October” was for a month. While the two best monthly coins increased by 870% and 285%. , the two worst players “only” dropped by 20% and 11%, Coin Crypto News
Most notable among these coins was FLOW, a traditional. blockchain network token with the same name designed for games and social networks. Despite strong supporters like Andreessen Horowitz. Warner Music Group, Union Square Ventures. But, the price of the FLOW token has struggled since reaching a peak of USD 60 in March this year.
Also worth mentioning in this group of currencies is CAKE. The ruling token of Binance Chain’s popular decentralized exchange PancakeSwap. Listed as the 46th most important crypto asset, CAKE dropped by about 9% in October.
The CAKE token has been on a steady decline since the end of August. And remains at a low of almost 60% from its total high of about $ 44 since April 30 this year. Coin Crypto News
Winners and losers from the top 100 and 200
To further back cover all the coins in the top 100. The number of speculative meme coins indicates how powerful it is. The media-sponsored efforts to pump certain coins can be.
The next three places on the list appear as Shiba Inu and decentral. And mentioned, followed by the safe moon, a symbol that promises to take owners “Safe to the moon.”
Meanwhile, other coins from the top 200 should also be with the game. Like tokens such as UFO gaming (UFO) and spell tokens (SPELL). which see huge profits of 712% and 605%. Coin Crypto News
Among the worst players from the top 200 list was DYDX. The ruling token of the decentralized dYdX exchange. Which fell 33% after a strong performance in September. When DEX recorded trading prices that even surpassed Coinbase. Coin Crypto News
The chairman of the Federal Deposit Insurance Corporation. Said the U.S. According to a Reuters report. Officials wanted to give advice on how banks and their customers. Should handle cryptocurrencies. The announcement comes ahead of the Federal Reserve’s much anticipated and delayed report. On stable coin regulation, Chairman Jerome Powell. As stated would be out by the end of the year. in early September. Coin Crypto News
Following the launch of the first Bitcoin ETF available to US investors last week, Bitcoin hit a new high. on Tuesday. The crypto has exceeded $ 66,000, the highest value ever reached by Bitcoin. On the high heels of Bitcoin, Ethereum also posted a 5-month high. Coin Crypto News
Bitcoin is the largest cryptocurrency with a market cap and is a good indicator of the crypto market. In general, other currencies such as Ethereum (and smaller altcoins). Tend to follow its trends. Even though Bitcoin has set a new high-time. It has been a common crypto uptick, which has also seen a 50% decline in prices in recent months. That is not to say that investors should take the change in any way. And that is why investment experts recommend that they do not make a major investment. Changes based on this general trend.
Final Thoughts
Cryptocurrency is still very new. And everything from the establishment to regulation. Can have a huge impact on investors. Here’s how to put one together for use with your budget. In other cryptocurrency matters. Mastercard has a new partnership to expand its supply of cryptocurrency to banks. Retailers and financial technology companies in the U.S. Coin Crypto News