The crypto charts have been choppy this week, with general market volatility trimming 3-5% off the majors. As a result, it’ll be a struggle to find a top 20 crypto asset that isn’t a stablecoin currently in the green for the last seven days. With the crypto market being down, let’s take a look at XRP and BCH

A closer examination of the evidence is in order, not just to understand why, but to determine whether this relative strength means they’re coiled ready to break out the moment the market moves up. We’ll also take a closer look at this week’s other surprise performer – ConstructKoin (CTK), whose presale is mirroring XRP and BCH in doing serious numbers despite the market downturn.

Last Week XRP Performance

It ain’t no stablecoin, but there’s no disputing that XRP has been holding relatively steady for the past week. As of October 30, it’s effectively flat for the month, up a mere 0.2%. Sure, they might not be placing this one atop the leaderboard of crypto Uptobers, but XRP’s performance is still multiples better than that of other crypto majors. BTC is down 3% over the same period, yet XRP stubbornly refuses to drop. 

It helps that few major crypto communities outside of Bitcoin itself have stronger cult status than the XRP Army. They hodl harder than the rest of the market, with many having held XRP bags through multiple cycles. There have also been other catalysts slowing XRP’s token velocity while keeping demand steady, such as Flare’s FAssets protocol that enables the token to be bridged to the DeFi network. This capability has transformed XRP into a stakeable asset on Flare, allowing holders to earn yield while reducing sell pressure, and tens of millions of XRP have made the move this month.

With the start of the new week, XRP takes a dive together with the entire market from a $2.65 high to a $2.35 low.

Last Week BCH Performance

Bitcoin Cash is the OG fork fighting back with fury, surging 10% this week to $534 on October 30, after a textbook retest of key support that bounced hard, while BCH predictions point to the coin going higher still. This price movement hasn’t occurred in a vacuum: BCH has been looking tasty all month, with metrics all pointing towards organic growth, including the number of active addresses on the network increasing. The Bitcoin Cash network is being actively developed, and there’s some genuinely cool stuff getting built, particularly in the context of payments.

With Bitcoin having established its digital status, and becoming a store of value above all else, there’s little consumer demand for BTC payments. BCH, on the other hand, with its bigger block size, is much cheaper to send. If BTC is worth six figures, there’s a rational case for saying BCH should be worth a low four-figs, making this fork still underpriced.

New week brings a low of around $505 briefly, with a quick recovery to $516. 

ConstructKoin (CTK) Presale Cranks Up

While XRP and BCH outperform the market, ConstructKoin CTK is looking intent on outperforming all other token presales right now. The tokenized real estate project, which enables CTK holders to earn yield from brick-and-mortar financing, already has $15M in assets under management and onchain, with the promise of plenty more to come.

Once the presale’s wrapped up, which shouldn’t take long, there’s the obligatory DEX launch, followed by a string of milestones to implement including the issuance of a stablecoin that will derive yield from real estate financing. CTK stakers, meanwhile, will be able to tap into APY of up to 12%, all paid out in USDT. Pretty neat.

As the market shakes out the weak hands, these three are good candidates to close out November higher.

Disclaimer: Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.