Despite Bitcoin failing to initial the bull rally, there are multiple crypto tokens who are gaining huge momentum. Even though it is common for altcoins to follow the largest cryptocurrency, they can also move on their own because of new developments. Let’s discover the top 3 altcoins that are making waves in the crypto market today.
EigenLayer
Launched on October 1, EigenLayer started to get traction by the community. Despite its price drop after a day of launch, this altcoin succeeded in reaching a market cap of $768 million. EigenLayer came to the spotlight after a $5.5 million worth of theft was discovered. The initial price of $EIGEN was $3.89 which peaked at $4.4436 within a few hours of launch. As the news of theft caught air, the price plummeted, reaching $3.2 on October 3.
The crypto token is currently trading at $4.09 and is up by 20.91% in the last 24 hours. More importantly, its trading volume has spiked by 130% as compared to the past day.
Monero
Launched in 2014, Monero investors has seen only two bull cycles, first in 2018 and second in 2021. Currently this altcoin is down by 70.33% from its peak at $517 in 2021. In the last 24 hours, the crypto rose by 4.59% and is currently trading at $153.25. The trading volume has seen a spike of 23.17% as compared to yesterday. The price is currently facing resistance at $155.
Aptos
With layer 1 proof of stake blockchain, Aptos is making its name in the DeFi sector. The altcoin is currently trading at $9.24 and is up by 4.23% in the last 24 hours. The trading volume has seen a rise of 2.12% as compared to the past day.
1.01% of the maximum supply is unlocked on the 12th day of every month. The final unlock will happen on October 12, 2026. In the recent months, Aptos has done a number of partnerships with multiple projects. It recently acquired HashPalette.
Looking Ahead!
These three cryptos are working to bring the use cases of blockchain technology to the real world and not just for investing and trading. With such projects in the market and institutions gaining interest in the technology, blockchain soon will become a mainstream tool not just for recording data but also for transactions.
