BCH, XLM, TRX, and ETC Witness Significant Increases in Liquidity


In the third quarter of this year, Bitcoin Cash (BCH) saw the most significant increase in liquidity, according to data from blockchain data platform Kaiko. Additionally, Stellar (XLM), Tron (TRX), and Ethereum Classic (ETC) each climbed more than 5 positions in liquidity rankings during the same period.

Conversely, several other cryptocurrencies experienced a decline in liquidity during the third quarter. Avalanche (AVAX), Toncoin (TON), Shiba Inu (SHIB), OKB, UNUS SED LEO (LEO), and Cronos (CRO) all fell in liquidity rankings. AVAX dropped 11 spots, while the rest of these altcoins fell 10 positions on Kaiko's list of cryptocurrencies with the highest liquidity.

In terms of market performance, most cryptocurrencies recorded gains over the past 24 hours. The cryptocurrency market's valuation increased by 0.11% during that time, reaching an estimated total market capitalization of around $1.09 trillion.

However, TRX, ETC, OKB, and XLM did not follow this trend and experienced price declines during the same period. LEO managed to achieve a 1% gain over 24 hours, while BCH recorded a 0.18% increase. AVAX and TON posted gains of 5.14% and 5.72%, respectively.

SHIB saw a slight 0.20% increase in its price, trading at $0.000007200, while CRO recorded a 0.18% gain, reaching $0.05035.

As with any investment, readers are advised to conduct their own research and due diligence, and any actions taken are at their own risk.

Please note that the information and views presented in this analysis are for informational purposes and in good faith. Coinmagazine and its affiliates do not assume liability for any direct or indirect damage or loss resulting from actions taken based on this information.

Post a Comment

Post a Comment (0)
Cryptohopper Market Making (Google Ads)

#buttons=(Accept !) #days=(20)

Our website uses cookies to enhance your experience. Learn More
Accept !
To Top