XRPįinally, we have XRP, which was actually one of the top crypto performers of September, thanks largely to positive news about its pending litigation with the Securities and Exchange Commission. The official launch of this crypto phone is slated for January 2023, so keep an eye on what Solana might announce as part of its mobile crypto strategy in October. In addition, Solana has been on fire of late with all of its new innovations, including the announcement of the world's first-ever crypto phone over the summer. New data indicates that Solana is rapidly gaining ground on Ethereum in the non-fungible token market.
Solana is up about 5% over the past 30 days, suggesting that investors may be looking for another crypto to take over from Ethereum to lead the market higher. While some altcoins are starting to separate from Bitcoin in terms of performance, it's almost inconceivable that we will see a major bull market rally without the participation of Bitcoin.īut the one crypto that has held up surprisingly well is Solana, which is widely regarded to be the top Layer 1 blockchain behind Ethereum. Bitcoinīitcoin, of course, is the market linchpin. If all three cryptos post solid gains in October, then we could be headed for a very exciting 2023. The performance of each of these is key to understanding the current condition of the crypto market. The top cryptocurrencies to watch in October include Bitcoin ( BTC 0.82%), Solana ( SOL 1.70%) and XRP ( XRP -3.29%).
The good news is that, despite all the recent hoopla about interest rate hikes by the Federal Reserve and deteriorating equity markets, there are some cryptos that could be poised for a major breakout in October. Last October, for example, was a particularly good month that saw popular cryptos approach their all-time-highs and the overall crypto market reach a $3 trillion market capitalization. In crypto markets, October is sometimes referred to as "Uptober," and for good reason.
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