October Features A List Of The Biggest Crypto Gainers - The Crypto Rise Once Again

Since the beginning of the inflation, the month of October might be the month when problems start. They are already going through it in the majority of countries.

On the other hand, users of cryptocurrencies will be pleased to hear that October brings some positive developments in this space because the 10th of October features a list of the Biggest Crypto Gainers.

Some alternative cryptocurrencies have managed to keep up their upward momentum despite the general slowdown in the cryptocurrency market. Let us take a look.

Cryptocurrency Increasing In Value Today - What Gives Bitcoin Value?

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The value of cryptocurrency is based on how much people want it, just like the value of anything else. If people want something more than there are more of it, the price goes up. For example, if demand doesn't change, the price of grain and produce goes up when there's a food shortage.

Biggest Crypto Gainers In 2022

Tron (TRX)

The price of TRON right now is $0.063578, and $536 million has been traded in the last 24 hours. In the last 24 hours, TRON has gone up by 1.59%.

With a current market cap of $5.8 billion, CoinMarketCap is now ranked 15th. Even though the TRX token price went up by 3.78 percent, it has been trading sideways in a triangle pattern.

It is showing that the $0.58855 level is strong support and a place to sell. If this level is broken, there will be more room to sell until the $0.58855 level. The 50-day moving average, which is near $0.0631764, gives the coin strength.

For now, if TRX breaks through the immediate resistance/double top level, it could go to $0.07157, but support is still at $0.600.

Battle Infinity (IBAT)

The current price of Battle Infinity is $0.003098, and there have been 352K trades in the last 24 hours. Battle Infinity has gone up by 3.18% in the last 24 hours. Right now, CoinMarketCap is #3125. Due to how well IBAT has done, the coin is "trending" on coingecko.

Already, more than a billion IBAT have been staked on the Battle Infinity platform. This makes the launch of the staking program a huge success. This is great news for people who own tokens because it will reduce the amount of IBAT on the market. This will cause the price to go up.

With the staking initiative, the amount of IBAT in circulation has dropped by a lot, as one billion IBAT is more than 35% of the total amount.

Since so much has already been staked, there is less pressure to sell, and the staking program lets Battle Infinity make sure that a big part of its community will be able to stay for a long time.

Quant (QNT)

In the last five months, QNT has been one of the most traded coins on the cryptocurrency market. Since hitting a low of $40 in June, the price has gone up eleven weeks in a row, but not all at the same time.

Sibos, which is the largest financial services conference in the world, has also been a recent boost for QNT prices.

SWIFT, which just announced its CBDC ideas, is hosting a conference where a few thousand people, including leaders of the Quant Network, are expected to show up.

Chainlink (LINK)

Several good things that have happened recently in the Chainlink (LINK) ecosystem have helped to make more people use the blockchain. Chainlink recently tweeted about its most recent adoptions, which were 22 apps that used five different Chainlink services.

Chainlink is currently worth $7.65, and there was $296 million worth of trades in the last 24 hours. In the last 24 hours, Chainlink has gone up by 0.30%. At the moment, CoinMarketCap ranks #21, and the live market cap is $3.7 billion.

The LINK/USD pair has formed a symmetrical triangle pattern, which is putting up an immediate resistance near $8.31. The level of support for LINK stays at $6.54.

At the moment, the symmetrical triangle could break out on either side, depending on how the fundamentals change. If LINK goes up and breaks out above $8.31, it could reach $9.49. The 50-day moving average is likely to keep LINK above $7 because the RSI and MACD have moved into the buying zone.

Terra Classic (LUNC)

The current price of Terra Classic is $0.000294, and there was $501 million worth of trades in the last 24 hours. Terra Classic has gone down 1.56% in the last 24 hours. At the moment, CoinMarketCap is ranked 32nd and has a market cap of $1.8 billion.

Bringing up the Terra Classic price prediction, a new burn mechanism for the Luna Classic (LUNC) token made by the cryptocurrency exchange Binance has renewed interest in the token's original Terra chain.

It is showing that the $0.58855 level is strong support and a place to sell. If this level is broken, there will be more room to sell until the $0.58855 level. The 50-day moving average, which is near $0.0631764, helps the coin.

For now, if TRX breaks through the immediate resistance/double top level, it could go to $0.07157, but support is still at $0.600.

Huobi Token (HT)

After Justin Sun said he would work as an advisor for the exchange, the Huobi Global native cryptocurrency went up by almost 29% in the seven days that followed. Justin Sun, who started Tron, is a mysterious person who owns the cryptocurrency exchange Huobi Global.

It became public only a week after the company said it was changing the way its shareholders were organized. But he denied a rumor that he was being bought out. Sun's job has been changed to "global advisor."

This comes after it was said that Huobi's founder, Leon Li, wanted to sell his majority stake for more than $1 billion, putting the value of the exchange at $3 billion.

In addition to getting more money, the company's plans for growth and development will be overseen by the newly formed Global Advisory Board.

Huobi announced the formation of the new unit on Sunday and quickly asked industry leaders to join. One of these people was Justin Sun, a Chinese business owner and founder of the TRON Foundation.

Huobi went up 24% in 24 hours, and it is now close to $5.50, which is a major resistance level. On the daily time frame, the HT/USD has formed a bullish engulfing candle, which shows a strong bullish bias.

Since HT has entered the "overbought" zone, we may see a small drop in price until $4.48 before the next flight.

Top Losers Crypto This Month

• Klaytn - 1.57%
• Kusama - 2.14%
• Ontology - 1.60%
• Polygon - 2.30%
• Solana - 0.22%
• VeChain - 0.65%

People Also Ask

Which Crypto Will Boom In 2022?

Ethereum. Crypto enthusiasts think that the second-largest cryptocurrency by market cap will grow in 2022 and 2023. Some people think that by the end of 2022, Ethereum could be worth between $8,000 and $10,000.

What Crypto Is Set To Explode?

Battle Infinity (IBAT) is a play-to-earn metaverse project that could be the next cryptocurrency to go big in 2022. Just 24 days into the 90-day event, the presale for the project was sold out, which raised the total amount.

What Is The Next Hot Cryptocurrency?

Ethereum is our top pick for the next cryptocurrency to take off. The upcoming Eth 2.0 upgrade, a recovering crypto market, and the huge amount of activity on the ETH network will all help to speed up this huge price increase.

Final Words

Want to know why cryptocurrencies have been growing so fast lately? Well, according to CoinShares, the number of people using cryptocurrencies is growing at an annual rate of 113%, while the number of people using the internet was growing at an annual rate of 63%.

The price of Bitcoin keeps going up because demand is rising so quickly.