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As the cryptocurrency market continues its dynamic journey, the third quarter of 2023 has witnessed impressive gains and notable performances from various digital assets. Here, we take a closer look at the top 10 best-performing cryptocurrencies during this period, each showing remarkable growth and potential.
It was recently announced that Trust Wallet now supports Toncoin (TON) according to a statement from the TON Foundation. Users of Trust Wallet will soon be able to save and transmit Toncoin (TON), a massive development for the Toncoin (TON) network. In the past 3 months, this altcoin has surged nearly 73.79%.
Solana has become a favorite for crypto investors as the cryptocurrency market grows, with its inflows surpassing $50 million last September 2022. The cryptocurrency has found its way into the top ten digital assets list. Solana has jumped up to 22. 81% in the past 90 days.
Bitcoin Cash, a prominent fork of Bitcoin, has seen a resurgence in Q3, offering faster transactions and lower fees compared to its predecessor. This altcoin boosted around 99.15% in the past 12 weeks.
Despite considerable volatility and various market influences, Stellar has shown potential for future growth. Stellar's recent bullish momentum, cross above the EMAs, and increasing partnerships indicate an upside potential in the near term. In Q3, this cryptocurrency witnessed an upsurge of 46.77%.
Maker (MKR) is an Ethereum-based DeFi lending platform founded by Rune Christensen, that allows users to lock ETH into smart contracts to mint Maker's Dai stablecoin. Major decisions like protocol upgrades are made by MakerDAO, a decentralized autonomous organization (DAO) made up of MKR token holders. Maker has increased nearly 85.13% in the last 90 days.
Optimism is an extension to Ethereum which enables users and developers to benefit from the latter's strong security guarantees while being cheaper and faster. In the past 3 months, this altcoin has surged nearly 25.01%, making it one of the best performing cryptocurrencies of Q3, 2023.
The XDC Network is a hybrid blockchain that functions on the basis of delegated proof-of-stake (XDPoS) consensus mechanism. With the XDPoS, the XDC Network enables hybrid relay bridges, spontaneous block finality and interoperability for the blockchain users.
THORChain enables users to swap native assets based on different chains. For example, you could use THORChain to swap your ETH on Ethereum to get BTC on the Bitcoin network or exchange AVAX on Avalanche to receive LTC on Litecoin. The possibilities are endless.
Compound is a decentralized, blockchain-based protocol that allows you to lend and borrow crypto — and have a say in its governance with its native COMP token. Based on the direction Compound is heading, our technical analysis suggests that this cryptocurrency is currently a good investment.
Astar Network is a multi-chain decentralized application layer on Polkadot. Astar incorporates Ethereum Virtual Machine, WebAssembly. The platform supports various decentralized applications like DeFi, NFTs and DAOs.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
