The crypto markets experienced a sigh of relief as the majority of tokens jumped double digits this week. Bitcoin went over the $20,000 mark for the first time in three weeks, while Ethereum traded above the $1,500 level after nearly 40 days. The markets saw top gainers generate decent returns in October despite the harsh and ongoing bearish conditions. The last week of October 2022 turned the tides towards greener pastures after being in the red the whole month.
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Top 3 Most Profitable Cryptos
- Hex
Hex spiked 40.4% in the last 30 days and is among the top most profitable cryptos of October 2022. The token was trading at $0.033 at the start of the month and spiked to $0.049 on Thursday.
The crypto is trading in the green for four consecutive days this week and was up double digits on Wednesday. Hex was at these levels during August this year and clawed back to its previous highs. We will have to wait and watch if Hex can break through its resistance levels of $0.050.
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- Dogecoin
Dogecoin came out heroic in October 2022 after rising nearly 29% in the last 30 days. Doge displayed no volatility this year due to the dampening market conditions but shot up double digits this week. The leading meme-coin is up nearly 20% today generating handsome returns for investors who took an entry position last week.
- Polygon (Matic)
Matic jumped nearly 25% in the last 30 days despite the bearish market conditions. The crypto was at the $0.70 level at the start of the month and is now looking to breach the $1 mark.
If the markets continue the momentum, Matic could break through the $1 level for the first time since August this year. It reached a high of $0.96 and is now flirting around the $1 mark. Another rally could take Matic to new monthly highs by the end of the month.