Tautvydas Valatka @JKHighLight: "🪙 𝐓𝐨𝐩 𝟏𝟓 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐂𝐫𝐲𝐩𝐭𝐨𝐬..."

Lithuania

🪙 𝐓𝐨𝐩 𝟏𝟓 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐂𝐫𝐲𝐩𝐭𝐨𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐖𝐨𝐫𝐥𝐝 – 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐑𝐞𝐯𝐢𝐞𝐰 While October turned out to be a fairly good month for most of the world’s leading companies, it was a much tougher period for cryptocurrencies — one of the weakest in the past 12 months. Only one of the 15 largest cryptocurrencies ended the month in positive territory, while the average decline reached a steep -13.1%. Because last October (which is now excluded from the 12-month calculation) was quite strong, the average annual performance dropped by 21.7 percentage points — though it still remains close to a 100% gain over the past year. Next month’s data will likely shift that figure sharply downward, as November 2024 — which saw an average +120% surge — falls out of the comparison. 🔹 $BNB was the only crypto that managed to close October in the green — and by a solid margin. Its price climbed 7.94%, making it one of just three coins that improved their 12-month returns by over 11 percentage points. Last November, when most other cryptocurrencies skyrocketed by hundreds of percent, BNB’s reaction was relatively calm. Because of that, it has a real shot at climbing even higher next month. The October gains were largely driven by increased activity on the Binance network, rising transaction volumes, and several new Launchpad projects that boosted investor confidence. 🔹 $HBAR showed the biggest improvement in 12-month performance, not because of an especially strong October (it actually fell 6.5%, ranking fifth-best among the top 15), but because a weak result from last October (-19.5%) dropped out of the calculation. Unfortunately, unless something extraordinary happens in the next two months, Hedera is likely to face a sharp decline — as the massive +266% (Nov 2024) and +58% (Dec 2024) gains will soon no longer count toward the 12-month return. October’s drop was mainly due to a broad market correction and slightly lower network activity after a very strong third quarter. 🔹 $AVAX which was already at the bottom of the list, continued to struggle, posting the worst monthly result among all major cryptos with a staggering -39.3% drop. As a result, it became the only coin in the top 15 with a negative 12-month return, which looks particularly bad given the nearly 100% average gain across the group. The poor performance is largely linked to declining activity in Avalanche-based DeFi projects and market disappointment over slower-than-expected technological progress. 🔹 $DOGE was the biggest loser in the rankings this month. With the fourth-worst monthly performance (-20%), Dogecoin tumbled seven positions, and its 12-month return fell by 88 percentage points. The decline was mainly driven by fading interest in meme-based coins and a sharp drop in social media buzz. As a result, investors have increasingly shifted toward projects offering greater stability and liquidity.

4 Mentioned

BNB

HBAR

AVAX

DOGE

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