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3 best-performing cryptocurrencies out the top 100 in 2023

3 best-performing cryptocurrencies out the top 100 in 2023

Despite the cryptocurrency market majorly waiting for a red September, its results positively surprised most crypto traders, as both Bitcoin (BTC) and the Total Crypto Market Cap (CRYPTOCAP: TOTAL) closed the past month with shy gains.

These results contributed to some projects accumulating even higher gains in a larger timeframe, with three cryptocurrencies from the top 100 by market capitalization more than doubling up in price year-to-date (YTD):

  • Maker Protocol (MKR): +185% YTD, after accruing for 25% gains in September;
  • Bitcoin Cash (BCH): +143% YTD, after surging by 13% last month;
  • Solana (SOL): +104% YTD, but only gaining a shy 3% in September.

Interestingly, all three top performers had lost more than 10% of each of their values in August. Additionally, MKR was the most steady performer since the beginning of 2023, with its best month making for 50% gains, and its worst two months for 15% losses.

On the other hand, BCH had a meaningful 122% increase in price in June only, while SOL registered an amazing 140% in the first month of the year, according to data retrieved by Finbold from Coin Metrics on October 3.

Top 100 Crypto Asset Returns by Month, 2023.
Top 100 Crypto Asset Returns by Month, 2023. Source: Coin Metrics

MKR price analysis

Notably, MKR is still showing a steady performance even on a fairly negative day for the crypto market. Trading at $1,463 at the time of publication, with 1.4% losses in the last 24 hours, while Bitcoin is losing more than 3.5% from yesterday’s price.

MKR 1-day price chart. Source: Finbold

BCH price analysis

Meanwhile, BCH is plummeting by 7.8% intraday, trading at $235 by press time. This represents a strong hit for Bitcoin Cash investors who were betting in a continuation uptrend after surpassing Litecoin’s (LTC) in market capitalization — a position that has already been reverted with this current retrace.

BCH 1-day price chart. Source: Finbold

SOL price analysis

The highly scalable layer-1 blockchain is also the less volatile digital asset today among the three best performers in 2023. 

SOL 1-day price chart. Source: Finbold

SOL is changing hands by $24.25 at the time of publication, with neutral price results, not varying much from the $24.38 registered 24 hours ago.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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