Shiba Inu (SHIB) and Solana (SOL) in green as Bitcoin (BTC) stagnates

Some major altcoins are seeing some green this Sunday. Solana (SOL) leads the pack with a 5% price increase. The total market capitalization of the crypto market currently stands at $1.1 trillion, CoinGecko data shows.

Bitcoin’s bullish month

Historically, October has been a fruitful month for Bitcoin, which on average gains 12% during that month.

This periodic trend in Bitcoin’s performance has led analysts to suggest that the flagship cryptocurrency could be poised for a rally.

On the first day of October, Bitcoin is showing some resistance with a slight increase of 0.6%, settling at $27,114.

The cryptocurrency maintains its colossal market capitalization of $528 billion. However, it is still more than 60% below its peak.

SHIB about to fall from the top 20

Meanwhile, Shiba Inu (SHIB) is walking on thin ice despite a small rally of 1.2% in the last 24 hours that has taken its price to $0.00000742.

Despite this small recovery, it is on the verge of exiting the top 20 cryptocurrencies, with a market capitalization of $4.35.

This stagnant performance comes after the mainnet launch of the Shibarium Layer-2 solution, which is struggling to gain momentum with a minuscule 20,000 transactions per day.

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