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Coin Race: Top 10 Winners/Losers of October

Coin Race: Top 10 Winners/Losers of October 101
Source: iStock/takoburito

Throughout the month of October, many major coins seem to have strayed into “stablecoin” territory - a running gag in the crypto community. Bitcoin hasn’t budged from its USD 6,200 to USD 6,800 price range, and Ethereum is tiptoeing around USD 200 - a fall from grace from the USD 230, where it was at the beginning of October.

In terms of not-so-stable coins (which are also the focus of our monthly installment of winners and losers) among top 50 coins by market capitalization, October follows in the footsteps of September: no bull run in sight, but at least there is no bear run either. The losses are slightly larger than in September, and there are no gains the size of the biggest ones previously either, but both of these seem more consistent than they were back then.

Top 10 Winners

Coin Race: Top 10 Winners/Losers of October 102
Source: Coincodex. UTC 06:40 AM, November 1

The biggest winner this month was ChainLink (LINK) with 61.1% gain. The next one is Basic Attention Token (BAT), the native token of the Brave browser, almost 20% less than its predecessor, but still gaining upwards of 40%, climbing from being ranked 6th biggest loser in September. This is presumably because during the past month, the project released a new browser that is up to 22% faster, reached 4.6 million active monthly users and released in-browser tipping with BAT for Reddit and Twitter - a pretty successful month.

The only coin that stayed in the winners table is Maker (DAO), previously seventh, now ranked third by its gains. The coin is steadily rising, from around 10% in September, to 25.36% in October. Meanwhile, the smallest of the winners is Siacoin (SC) with an increase of 4.8%.

Top 10 Losers

Coin Race: Top 10 Winners/Losers of October 103
Source: Coincodex. UTC 06:40 AM, November 1

The biggest loser this month was Bytecoin (BCN), having lost 44.34% of its price. A good part of this might be the fact that the coin was delisted from major cryptocurrency exchange Binance. Interestingly, the second biggest loser is Dogecoin (DOGE), losing a net of 35.87% of its price - and DOGE was the second biggest winner in September, so that makes this fall all the more interesting.

This list doesn’t share much with September either: VeChain Thor (VET) is the only coin present on both, staying relatively constant in its losses of above 20%. Another relative surprise is Ripple, whose XRP coin fell 19.39%, although the company has had a successful beginning of the month with several victories.

Winners & Losers from Top 100/200

Gains are not nearly as conservative in the top 100 as they were in the top 50. The biggest winner here is MobileGo (MGO) with 330.74%, followed by Ravencoin (RVN) and Nexo (NEXO) with gains above 185%. Interestingly, the situation doesn’t change much in the top 200, as the same coin leads the winners - they only get another 185+ percent winner, Moeda Loyalty Points, in the third spot.

The biggest loser in the top 100 is still Bytecoin, and this is comforting: although the gains in the smaller coins are pretty big, the losses are not following suit. In the top 200, Bytecoin is overtaken by RChain (RHOC) which lost 68.96% - again, not nearly as much as the top 100/200 winners have gained. Could this mean the bears are on their way home?

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