October Crypto Market Review: Top 20 Cryptocurrencies Crushed …
XRP, Bitcoin Cash, Cardano, Iota, Neo, VeChain descending hard, Tron survives while Maker and 0x redeem well.
For the eighth month this year cryptocurrency markets have fallen. Oct has been no difference with a 9.4% decrease in sum marketplace capitalization. This has resulted in the detriment of over $20 billion from cryptocurrencies during the month. The Friday 12 monthly low to $197 billion was not as low as September’s drop but very close. At the end of Oct markets were at just over $200 billion, down 75% from their Jan high. The downtrend is still very transparent but the waste have grown smaller indicating that the bottom could be close.
Bitcoin mislaid belligerent in October, starting the month at just over $6,600 and finale it at $6,320. This 4.5% decrease is not as bad as it seems since BTC has hold above the $6k turn for a year now, aside from a integrate of discerning bounces next it. It has come a long way in the past 10 years and some fortitude is welcome.
October Crypto Winners
We’re job Tron one of the crypto winners for Oct because TRX finished the month where it started at $0.222 creation it the first altcoin in the draft not to have mislaid ground.
Maker also made it through the scattered month with a 21% stand from $495 to around $600 at the end of October. Bitcoin Gold survived with no waste commencement and finale the month at $26. 0x also made gains during the month finale it 17% aloft at $0.767 from $0.654 at the beginning.
Decred was another survivor with no waste remaining at $39 at the end of the month. Aeternity down in 30th symbol also finished a little aloft with a 7% benefit over the month.
October Crypto Losers
Ethereum has mislaid 15% during October, starting out at $232 and finale at $197. It is ETH’s lowest levels since Jul 2017 and no liberation looks to be entrance just yet. Market capitalization is around the $20 billion symbol with the world’s second largest cryptocurrency carrying mislaid almost $4 billion last month.
XRP has shown some guarantee in new weeks but that could not stop the altogether detriment of 25% from Ripple’s local token. XRP finished the month at $0.44 after starting Oct very tighten to $0.60.
Bitcoin Cash has also been bashed during Oct with a 21% decrease from $534 to $422. And EOS, rounding out the tip five, has not transient the bears either. A 10% slip saw EOS tumble from $5.78 to $5.20 during the month.
The customarily fast Stellar also finished Oct in pain descending 15% from $0.26 to $0.22. Litecoin fared even worse with an 18% unemployment from $61 to just next $50 at the end of the month. Cardano has not made a benefit this year and is one of the worse behaving high tip altcoins. Last month was no difference as ADA strew another 20% descending from $0.085 to $0.068.
Things were that bad in Oct that even Tether made a loss, descending next the dollar brace to a low of $0.958. Rounding out the tip 10 is Monero descending from $116 to $104 ensuing in a detriment of 10%.
Heading serve down the draft the waste were larger, Iota for a start mislaid 20% in October. Dash also got bashed descending 18%, Binance Coin fell 6%, and Neo in 15th symbol also mislaid 20%.
Losses were larger for Ethereum Classic shedding 21%, Nem only fell 6%, Tezos slid 12% as did Zcash and rounding out the tip twenty was VeChain removing trounced almost 22% during October.
By the end of Oct things were in the ennui for the infancy of cryptocurrencies with waste opposite the house in varying magnitude. The crypto winter is still in full outcome and a liberation seems to be a long way off with many pinning hopes on 2019.
To promulgate the only survivors in Oct were Tron, Maker, 0x and Bitcoin Gold. Getting crushed with over 20% waste were XRP, Bitcoin Cash, Cardano, Iota, Neo, Ethereum Classic and VeChain.
All total from Coinmarketcap.com