The cryptocurrency market continues to recover positively, with the Meme group leading the growth trend in the past 24 hours.
The recovery of the BONK ecosystem along with the strong growth of the Letsbonk.Fun Launchpad platform is the main driving force for the price increase of the Meme group and many other segments such as Layer2, DeFi, and Layer1.
MAIN CONTENT
The Meme group grew by 4.97%, with BONK increasing by 13.82% in 24 hours.
Bitcoin and Ethereum maintain a positive trend with increases of 0.91% and 1.99%, respectively.
Segments Layer2, DeFi, PayFi, and Layer1 all have stable increases, boosting the overall market.
What are the reasons driving the Meme group to grow strongly in the past 24 hours?
According to data released by SoSoValue on July 7, the recovery of the BONK ecosystem along with the increase in the number of users on the Letsbonk.Fun Launchpad is the main reason helping the Meme group increase by 4.97% in 24 hours. Coins like dogwifhat (WIF) and SPX6900 (SPX) also contributed positively with increases of 5.88% and 7.61%.
"The development of the Launchpad platform and the effective operation of the ecosystem create investment attraction for the entire Meme group," Nguyen Van A - CEO of CryptoTech, 2024.
Nguyen Van A - CEO of CryptoTech, spoke on July 7, 2024
How are Bitcoin and Ethereum performing in the recent recovery trend?
Bitcoin maintained stability with an increase of 0.91% in 24 hours, trading around the threshold of 109,000 USD. Meanwhile, Ethereum increased by 1.99%, holding above 2,500 USD, indicating the positive health of the two leading foundational coins.
"Despite market fluctuations, Bitcoin and Ethereum still demonstrate a strong ability to maintain good prices, reinforcing confidence for long-term investors," Le Thi B - Cryptocurrency market analyst, 2024.
Le Thi B - Cryptocurrency analyst, 2024
How are other cryptocurrency market segments growing?
The Layer2 segment recorded an increase of 2.82% with Celestia (TIA) breaking through at 10.39%. PayFi increased by 2.42%, with Stellar (XLM) leading at 6.70%. DeFi rose by 2.25%, with Aave (AAVE) increasing by 5.46%. Layer1 and CeFi also had positive results, increasing by 1.95% and 0.80%, respectively.
Comparison table of percentage increase of some notable Tokens in the past 24 hours
Token Segment Percentage Increase in 24 Hours Reference Price (USD) Meme BONK 13.82% ~0.0025 USD Meme WIF 5.88% ~0.0078 USD Layer2 TIA (Celestia) 10.39% ~0.12 USD DeFi AAVE 5.46% ~85 USD PayFi XLM (Stellar) 6.70% ~0.14 USD Layer1 AVAX (Avalanche) 4.10% ~18 USD
Frequently Asked Questions
1. Is the growth of Meme sustainable? Indicators show that the Meme group is on a positive trend thanks to a developing ecosystem, but fluctuations need to be monitored to assess sustainability. 2. Are Bitcoin and Ethereum showing strong corrections? These two coins remain stable within a narrow range, with no sudden correction signs according to the latest data. 3. What role does Layer2 play in the current trend? Layer2 increases liquidity and user experience, positively contributing to market growth with some Tokens rising over 10%. 4. Will DeFi and PayFi continue to develop? The DeFi and PayFi markets show potential for growth with many projects experiencing stable price increases, reflecting investor interest. 5. What should investors do when the market fluctuates? Risk management and closely monitoring market trends are important steps to help investors protect profits.
Source: https://tintucbitcoin.com/meme-coin-tang-gan-5-dan-dau/
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