Over the past month, the cryptocurrency market has seen some significant movements, with several altcoins experiencing substantial gains. Cryptocurrency have significantly rebounded over the past few weeks – due in part to some turmoil in the broader economy.
We’ve researched the best performing altcoins over the last 30 days (based on data from coinmarketcap). We only included coins with marketcaps over $1 Billion USD and we didn’t include Bitcoin, because it isn’t an altcoin.
In this article, we’ll take a closer look at the top performing altcoins over the past 30 days.
These coins have outperformed the rest of the crypto market over the past 30 days
1. Conflux (CFX)
- Increased by: 75%
- Marketcap: $1 billion USD
Conflux is the top-performing altcoin over the past month, with an impressive 75% increase in price. This relatively new blockchain platform aims to provide a high-throughput, low-cost, and secure infrastructure for decentralized applications (dApps) and enterprise solutions. Its native token, CFX, has been gaining traction, with its market capitalization reaching $1 billion USD.
One reason for Conflux’s recent success may be its focus on interoperability, allowing it to connect with other blockchain networks and benefit from the growth of the broader crypto ecosystem. The platform has also been gaining attention from investors and developers alike, with several high-profile partnerships and collaborations in the works.
2. XRP (XRP)
- Increased by: 45.32%
- Marketcap: $28.380 billion USD
XRP, the native token of the Ripple blockchain, has also been performing well over the past month, with a 45.32% increase in price. Despite ongoing legal issues with the SEC, XRP has remained popular among investors, with its market capitalization reaching $28.380 billion USD.
One reason for XRP’s success may be its use case as a cross-border payment solution, with several high-profile partnerships with banks and financial institutions around the world. Additionally, XRP’s recent gains may also be attributed to the broader bullish sentiment in the cryptocurrency market, with investors seeking out undervalued assets with significant growth potential.
3. Immutable (IMX)
- Increased by: 11.32%
- Marketcap: $1.019 billion USD
Immutable is a decentralized gaming platform that uses blockchain technology to enable players to truly own and control their in-game assets. Its native token, $IMX, has seen an 11.32% increase in price over the past month, with its market capitalization reaching $1.019 billion USD.
One reason for Immutable’s recent success may be the growing popularity of blockchain-based gaming, with more and more players seeking out games that offer true ownership and control over their in-game assets. Additionally, Immutable’s focus on building a community-driven platform that rewards players for their contributions has also helped to generate interest and support.
4. Wrapped Bitcoin (WBTC)
- Increased by: 19.32%
- Marketcap: $4.270 billion USD
Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin that can be used on the Ethereum blockchain. Its price has increased by 19.32% over the past month, with its market capitalization reaching $4.270 billion USD.
One reason for WBTC’s recent success may be its use as a liquidity provider for decentralized exchanges (DEXs) and other DeFi platforms. Additionally, WBTC’s ability to offer a more efficient and cost-effective way to use Bitcoin on the Ethereum network has helped to generate interest and support.
5. Stellar (XLM)
- Increased by: 18.12%
- Marketcap: $2.750 billion USD
Stellar is a blockchain platform that aims to provide a fast and low-cost way to transfer money around the world. Its native token, XLM, has seen an 18.12% increase in price over the past month, with its market capitalization reaching $2.750 billion USD.
One reason for Stellar’s recent success may be its focus on enabling cross-border payments, which has become an increasingly important use case in the global economy. Additionally, Stellar’s partnerships with several high-profile companies and organizations, including IBM and the United Nations, have helped to generate interest and support.
6. Ethereum (ETH)
- Increased by: 10.72%
- Marketcap :$221.328 billion USD
Finally, Ethereum, the second-largest cryptocurrency by market capitalization, has also seen a 10.72% increase in price over the past month. Despite facing increasing competition from other blockchain platforms, Ethereum remains the go-to platform for decentralized applications (dApps) and smart contracts.
