Daily Crypto Market Update: Aleo Jumps 21% as Starknet Leads Top 100

The crypto market edged higher on October 16, with Bitcoin and Ethereum posting modest gains alongside most major cryptocurrencies — but the real action was in the altcoin ranks.

Top Gainers: Aleo Steals the Show

Aleo surged 21.47% to $0.04661, per CoinMarketCap data compiled by CryptoCompass. Among the 100 largest cryptocurrencies, Starknet recorded the strongest gain at 12.97%. Injective jumped 14.88% to $8.70, LayerZero climbed 14.18% to $2.17, and NEAR Protocol added 11.67% to $5.30.

Top Losers: Canton and Bitway Sink

Canton fell 8.89% with no specific catalyst reported. Bitway plunged 23.10% to $1.81. Pump.fun slipped 4.35%, JUST fell 4.86%, and OKB declined 3.59% to $117.21.

The Majors: Quiet but Green

Bitcoin rose 0.67% to $82,241, Ethereum added 0.79% to $2,442, XRP edged up 0.32% to $1.33, Solana gained 1.06% to $105.41, Dogecoin fell 1.01% to $0.081. Speculative capital is hunting outsized moves in smaller tokens — selective risk appetite rather than broad conviction.

Source: CryptoCompass, The Currency Analytics