While the rises were spectacular in October, known as “Uptober”, which were the five altcoins that rose the most in the month?
Dramatic rises took place in the crypto market in October, which was nicknamed “Uptober” meaning the month of rise. Leading crypto Bitcoin came very close to its all-time high in October. While Bitcoin rose to $73,620, it was seen that many altcoins exceeded important resistance points and approached record levels.
As crypto investors turn to altcoins for a potential bull run, which altcoins did the bulls turn to in October?
Here are the five most rising altcoins in the past “Uptober” month…
Virtuals Protocol (VIRTUAL)
Virtuals Protocol (VIRTUAL), which adopts an innovative approach through artificial intelligence and metaverse protocols, managed to become popular in a short time. VIRTUAL, which integrates artificial intelligence into virtual environments and creates artificial intelligence tools, was at the top of October. The popular coin rose by 566 percent in October.
According to CoinGecko data, VIRTUAL recorded a transaction volume of $15 million in the last 24 hours. VIRTUAL’s market value reached $334 million.
SPX6900 (SPX)
Launched on the Ethereum blockchain with an innovative memecoin approach, SPX6900 (SPX) has achieved a dramatic rise as it is the first of its kind. Taking over the S&P500 stock market, memecoin increased by 346.5 percent in October.
SPX reached a market value of $720 million by recording a trading volume of $30 million in the last 24 hours.
Moonwell (WELL)
Moonwell (WELL), the decentralized finance project serving on the Base, Moonbeam and Moonriver blockchains, became one of the stars of October. Blockchain credit protocol WELL increased by 165.1 percent in October.
WELL, which has a market value of 248 million dollars, recorded a transaction volume of 15 million dollars in the last 24 hours.
Raydium (RAY)
Raydium (RAY), one of the most active decentralized exchanges on the Solana blockchain, achieved a rise that marked October. RAY, which focuses on decentralized finance and crypto ecosystem, increased by 79 percent in October.
RAY, which recorded a transaction volume of 132 million dollars in the last 24 hours, has a market value of 810 million dollars.
Cat in a dog’s world (MEW)
Cat in a dog’s world (MEW), one of the most popular memecoins on the Solana blockchain, was the only memecoin to enter the “top five rising altcoins in October” list. Memecoin, the community that unites the cat and dog world, rose by 69.4 percent in October.
MEW reached a market value of $778 million by recording a transaction volume of $124 million in the last 24 hours.
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