The cryptocurrency market has a diverse recovery with many sectors showing prominent price increases in the last 24 hours, especially NFTs leading with an increase of nearly 10%.
This reflects the increased interest and positive shifts in areas such as AI, Layer1, DeFi, and other supporting sectors, creating a vibrant and multifaceted trend in the cryptocurrency market.
MAIN CONTENT
The NFT sector increased by 9.62%, leading the increase of sectors in the last 24 hours.
Sectors such as AI, Layer1, and DeFi also saw significant increases from 3.7% to over 17%.
Bitcoin and Ethereum experience slight fluctuations, with no major adjustments during the day.
How has the NFT market grown strongly in the last 24 hours?
Data from SoSoValue shows that the NFT sector leads with a 9.62% increase in the last 24 hours, demonstrating the strong appeal of this segment.
The price increase performance of NFTs reflects the active participation of the community and the growing demand for non-fungible tokens in the market.
Financial expert Nguyen Huy Khoi, Cryptocurrency Analysis Department, 2024
Specifically, prominent projects in the NFT sector such as Pudgy Penguins (PENGU) increased by 20.98%, while Moca Coin (MOCA) and Apecoin (APE) also increased by 3.65% and 5.02% respectively. These figures reflect strong capital concentration in NFT projects with high potential and applicability.
What other areas in the cryptocurrency market also recorded significant increases?
The AI and Layer1 sectors are notable groups with increases ranging from 4% to over 17%, reflecting a diverse investment trend and expansion.
The development of AI and Layer1 is driving the application capabilities of blockchain across various industries, creating momentum for sustainable growth.
Mr. Tran Minh Quan, CEO of Vietnam Blockchain Company, 2024
Specifically, in the AI sector, Bittensor (TAO) and ai16z (AI16Z) increased by 8.34% and 14.86% respectively. The Layer1 segment with Solana (SOL) and Kaspa (KAS) increased by 10.49% and 17.61%, contributing to strengthening the position of the underlying blockchain globally.
The DeFi sector, represented by Jupiter (JUP) and Raydium (RAY), also increased by 13.86% and 17.62%, showing the dynamism of DeFi solutions. The Meme Coin, Layer2, CeFi, and PayFi sectors also recorded slight increases from 1% to nearly 15%, reflecting the spread of capital flows across various segments.
How are Bitcoin and Ethereum fluctuating at this time?
Bitcoin and Ethereum have slight fluctuations, still holding in an important price range with not too much pressure.
According to the report, Bitcoin decreased slightly by 0.24%, hovering around 117,000 USD while Ethereum traded around 3,800 USD, slightly down from a previous peak of nearly 3,900 USD.
The stability at these price levels shows the caution of whales and large investors, while providing a solid foundation for the market to continue to develop steadily in the medium term.
Frequently Asked Questions
How does the strong growth of NFTs affect the overall cryptocurrency market?
The increase in NFT prices helps attract capital flows and raise awareness about blockchain, facilitating many new projects and areas to develop steadily.
What role does AI play in the recovery of the cryptocurrency market?
AI integration into blockchain expands applications, enhances efficiency and attracts investment, making significant contributions to the overall market growth.
Why do Bitcoin and Ethereum maintain stable prices despite slight fluctuations?
Bitcoin and Ethereum have strong potential from whales and long-term investors, helping to maintain important price support levels and avoiding strong fluctuations that could cause instability.
How are Layer1 and DeFi developing in the current market?
Layer1 strengthens the blockchain foundation, DeFi develops DeFi products, and these two sectors are growing strongly, driving the market.
What are the outstanding areas besides NFT and AI?
Layer2, Meme Coin, CeFi, and PayFi also increased slightly, reflecting the diversity of industries and widespread investment trends in the cryptocurrency market.
Source: https://tintucbitcoin.com/nft-tang-962-keo-tien-so-di-len/
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