MKR Price Analysis
Despite a negative day for the crypto market, MKR has maintained a steady performance. It is currently trading at $1,463 with a 1.4% loss in the last 24 hours. In comparison, Bitcoin has experienced a more significant decline of over 3.5% since yesterday.
BCH Price Analysis
On the other hand, BCH has seen a sharp decline of 7.8% intraday and is currently trading at $235. This drop has come as a blow to Bitcoin Cash investors who were expecting the upward trend to continue after surpassing Litecoin (LTC) in market capitalization. However, this position has been reversed with the current retracement.
SOL Price Analysis
SOL, the highly scalable layer-1 blockchain, is exhibiting the least volatility among the top three performers of 2023. It is currently being traded at $24.25, showing neutral price results that have not varied significantly from the previous day’s value of $24.38.
Hot Take: Cryptocurrencies That Doubled Up in Price This Year
September turned out to be a pleasant surprise for crypto traders as both Bitcoin and the Total Crypto Market Cap closed the month with modest gains. While many projects experienced positive results, three cryptocurrencies from the top 100 by market capitalization stood out by more than doubling up their prices this year: Maker Protocol (MKR), Bitcoin Cash (BCH), and Solana (SOL).
These impressive gains are even more notable considering that all three had suffered losses of over 10% in August. MKR has shown consistent performance throughout 2023, with its best month resulting in a 50% gain and its worst two months leading to 15% losses. BCH and SOL had their standout months earlier in the year, with BCH seeing a significant increase of 122% in June and SOL registering a remarkable 140% in January.
As the cryptocurrency market continues to evolve, these success stories serve as a reminder of the potential for substantial gains within the industry.
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