Despite Bitcoin’s failure to kick-start a bull rally, several cryptocurrencies are gaining massive momentum. While altcoins usually follow the largest cryptocurrencies, they can also move on their own due to new developments. Let’s discover the top 3 altcoins making waves in the crypto market today.

OWN

EigenLayer was launched on October 1 and began to gain attention from the community. Despite a price drop a day after the launch, the altcoin managed to reach a market cap of $768 million. EigenLayer came into the spotlight after the discovery of a theft worth $5.5 million. The initial price of $EIGEN was $3.89, reaching a peak of $4.4436 within a few hours of the launch. As the news of the theft spread, the price plummeted, falling to $3.2 on October 3.

The cryptocurrency is currently trading at $4.09, having gained 20.91% in the past 24 hours. More importantly, its trading volume has surged 130% compared to the previous day.

XMR

Monero was launched in 2014, and investors have only experienced two bull cycles, the first in 2018 and the second in 2021. Currently, the altcoin is down 70.33% from its 2021 peak of $517. In the past 24 hours, the cryptocurrency has risen by 4.59% and is currently trading at $153.25. Compared to yesterday, the trading volume has surged by 23.17%. The price is currently facing resistance at $155.

APT

Aptos has made a name for itself in the DeFi space with its first-layer proof-of-stake blockchain. The altcoin is currently trading at $9.24, up 4.23% in the past 24 hours. The trading volume is up 2.12% compared to the previous day.

1.01% of the maximum supply will be unlocked on the 12th of each month. The final unlock will be October 12, 2026. Aptos has partnered with multiple projects in recent months. It recently acquired HashPalette.

Looking to the future!

These three cryptocurrencies are working to bring the use cases of blockchain technology into the real world, beyond just investment and trading. As projects like these enter the market and institutional interest in the technology grows, blockchain will soon become a mainstream tool not only for recording data but also for transactions.