Chain and TerraClassic became the most profitable cryptocurrencies of the day

on October 20, 2022, three cryptocurrencies managed to bring profit to their investors in the short term. The digital asset Chain (XCN) grew by 8.75%, with the virtual coin trading at $ 0.067. The cryptocurrency managed to climb to the 37th line in the top ranking with a market cap of $ 1.45 billion. Traders have secured $ 28.75 million worth of transactions with XCN.

As for the high-profile cryptocurrency project Aptos, the APT digital coin gained 5.01% in value and is trading at $ 7.63. Its capitalization amounted to $ 997.66 million. The virtual currency ranked 50th on the list, with daily trading volumes on leading exchanges reaching $ 1.26 billion.

Yesterday, the value of the Aptos token (APT) Binance-2/">increased by 10,000% in the first minutes after listing on the Binance cryptocurrency exchange. When paired with the stablecoin Tether (USDT), the value of APT increased from $ 1 to $ 100, but shortly afterward, the price dropped to $ 7−8.

The most profitable cryptocurrency of the day was the highly volatile TerraClassicUSD (USTC), whose quotes have soared by 13.1% over the past 24 hours. The digital asset is trading at $ 0.039, and the total supply of coins circulating on the market amounted to $ 383.9 million.

The rate of the flagship cryptocurrency bitcoin (BTC) has proven to be extremely stable and low volatile. At the time of writing, digital gold is available for purchase at $ 19,129, which is 0.5% lower than the previous day. The market capitalization of the asset was fixed at $ 366.98 billion, and daily trading volumes amounted to $ 23.73 billion.

Earlier, we reported that a cryptocurrency analyst predicted that bitcoin would fall by another 50% from its current value. According to Aaron Arnold, BTC may fall to the support level of $ 11,000 to $ 14,000 or even worse — to $ 6,000. Among the reasons for the possible fall, the analyst named a large number of bearish indicators in the market, including high inflation, dollar devaluation, large US loans, and a reduction in oil production.