Market Insights: Altcoins Bitcoin Cash (BCH), Chainlink (LINK), Maker DAO (MKR), and THORChain (RUNE) Show Positive Momentum for October
Crypto News – Earlier today, the market intelligence platform Santiment shared an insightful analysis, suggesting that the positive momentum observed in altcoins like Bitcoin Cash (BCH), Chainlink (LINK), Maker DAO (MKR), and THORChain (RUNE) is likely to persist throughout October. This prediction is underpinned by the notable market cap increases these tokens experienced in the past week.
Santiment’s data highlighted LINK as the frontrunner among these four tokens, with an impressive price surge of over 15% during the last seven days of trading. RUNE closely followed LINK’s performance with a price increase of over 14%. BCH and MKR also demonstrated strong growth, with both experiencing price hikes exceeding 13% in the past week.
Notably, LINK secured the 4th spot on CoinMarketCap‘s trending list, showcasing a 4.01% price increase in the past 24 hours. As of the current moment, LINK is valued at approximately $8.07, trading just below its recent peak of $8.08.
However, it’s important to note that LINK witnessed a significant decline of more than 22% in its 24-hour trading volume, settling at around $246,411,575. Despite this, the cryptocurrency managed an impressive price surge of over 35% in the past month, further emphasizing its upward trajectory.
As of the latest update, RUNE is trading at $1.97, reflecting a 3.20% increase over the past day. This upward trend has translated into a 2.41% gain for RUNE compared to the market leader, Bitcoin (BTC). However, RUNE experienced an 11.07% decrease in its trading volume over the past 24 hours, with the intraday trading volume totaling approximately $62,777,369.
On a different note, BCH and MKR faced a dip in their prices over the past 24 hours. BCH is currently trading at $234.84, indicating a slight 0.50% decline. Despite this, the cryptocurrency’s weekly performance still shows an impressive increase of over 13%, as per Santiment’s data. Conversely, MKR experienced a loss of over 5% in the past day, resulting in a trading price of $1,484.80. MKR’s value is trading close to its daily low of $1,440.11.
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