This October, almost all of the top 100 cryptocurrencies by market capitalization have seen a price increase. In addition, the global crypto market has increased by $80 million. Below we delve into this data and tell you which have been the most popular cryptos during this month of October that has just ended.
After a few difficult months, BTC has managed to seal its first monthly green candle since last July this October, making the “Uptober” meme very popular among crypto fans and becoming the leading cryptocurrency on CoinMarketCap, registering the highest activity also in terms of searches and interest. The price of Bitcoin has increased by 6,49 percent over the last month.
Considering it is the reigning cryptocurrency with the largest market ($391,8 billion and a price of $20,411 today), it is not surprising that it was the most popular crypto in the month of October.
On the other hand, the meme coin Shiba Inu (SHIB) has taken second place and Cardano (ADA) third in terms of popularity. However, on the negative side, it is worth mentioning that ADA has been one of the four cryptocurrencies among the 15 most popular that has seen its price fall, specifically by seven percent, while the price of Shiba Inu has increased by almost eight percent.
On the other hand, PancakeSwap (CAKE), Ethereum (ETH) and Dogecoin (DOGE) have occupied the fourth, fifth and sixth places in this ranking. In fact, the price of DOGE has increased by 117,1%, the highest increase of all cryptocurrencies on the market in the month of October. At this point, it is important to note that the price of this cryptocurrency was immersed in a downward trend until Elon Musk decided to backtrack by announcing the purchase of Twitter. Thus, many users believe that the recent rise of DOGE can be attributed to the possibility that the token could be used on Twitter as a payment system in the future.
Other cryptos such as Gala (GALA) or GMX (GMX) have been ranked among the top 15 most popular cryptos, but are not among the top 100 cryptocurrencies ranked by market capitalization.
For the coming month, we will have to keep an eye on the popularity of these tokens, taking into account that Elon Musk's acquisition of Twitter is still trending and that the price of Dogecoin remains volatile, although it is the most trending asset on CoinMarketCap.
