The Prime Performing Cryptocurrencies of Q3 2023

• BCH, XMR, ETC, FIL, and APT are among the many best-performing cryptos in Q3 2023.
• In response to Kaiko’s analysis, the worth of BCH practically tripled initially of July.
• Different well-performing crypto tokens embrace MNT, NEAR, OP, AAVE, GRT, and ALGO.

BCH, XMR, ETC, FIL, and APT are among the many best-performing cryptocurrencies within the third quarter of 2023. In a current report, Kaiko, the crypto asset data-providing platform, revealed that the worth of BCH practically tripled initially of July, serving to to spice up volumes and liquidity.

Kaiko’s current report coated numerous metrics and unfold throughout the highest 40 cryptocurrencies. Nonetheless, within the space of worth will increase, the above-mentioned cryptos led the way in which amongst six different crypto tokens that outperformed the remainder of the crypto market. The remaining six tokens embrace MNT, NEAR, OP, AAVE, GRT, and ALGO.

Bitcoin Money (BCH)

BCH rose from a gap worth of $110 on June 21 to a seasonal excessive of $329 on the final day of the month. Regardless of worth consolidation, BCH’s worth has remained comparatively steady in a sideways development, exhibiting vital momentum. BCH is the native coin of Bitcoin Money, a fork of the pioneer cryptocurrency, Bitcoin. BCH traded for $225.48 on the time of writing.

Monero (XMR)

XMR rallied within the final two weeks to the tip of Q2 2023. XMR worth rose from $131.59 on June 14 to a seasonal excessive of $172.49 on July 3. XMR, the native crypto of the privacy-focused Monero blockchain, fell considerably to a low of $135.81 earlier than posting a restoration. XMR traded for $151.21 on the time of writing.

Ethereum Basic (ETC)

ETC entered Q3 with an 85% rally that started on June 12. The rally noticed ETC’s worth push from $12.65 to $23.29 in lower than three weeks. A major retracement that pulled the altcoin’s worth all the way down to $13.60 adopted the rally earlier than bouncing to the present worth of $15.18. ETC is the native coin of Ethereum Basic, a tough fork of Ethereum.

Filecoin (FIL)

FIL worth rose from $2.678 on June 10 to a quarterly excessive of $4.969 on July 3. That rally mirrored an 85% revenue for the token of the decentralized storage protocol, Filecoin. Nonetheless, the blockchain’s token launched into a major retracement and dropped to $2.949 earlier than bouncing again up. FIL traded for $3.268 on the time of writing.

Algorand (ALGO)

ALGO’s worth rallied from $0.0914 on June 10 to $0.1409 on June 25. Nonetheless, it traded for $0.1280 at the start of July earlier than retracing to $0.0924 by the center of September. ALGO traded for $0.0954 on the time of writing. Algorand, ALGO’s guardian blockchain, is a self-sustaining decentralized community that helps a variety of purposes.