All sectors in the cryptocurrency market are experiencing strong growth, with Ethereum and Bitcoin recording new high prices.
Indices of cryptocurrency groups such as NFT, DeFi, and CeFi are all showing positive increases, except for the Meme sector which experienced a slight decline. This trend reflects a strong recovery and diverse interest from investors.
MAIN CONTENT
Ethereum has reached a new peak, the highest since late 2021, surpassing the $4,300 mark.
Bitcoin increased by nearly 4%, approaching the all-time high of $121,000.
The NFT and DeFi sectors have shown remarkable growth, while Meme Coin declined slightly.
Why have Ethereum and Bitcoin seen strong price increases recently?
Ethereum has recorded continuous growth over the past two days with a new peak above $4,300, the highest since late 2021. Bitcoin also rose by 3.96%, almost breaking the record of $121,000. This is evidence of the positive trend of the global cryptocurrency market.
This price increase demonstrates the potential strength of the two leading digital currencies, while reinforcing market capitalization and investor confidence in the Blockchain ecosystem and Smart Contract applications. Indices such as MAG7.ssi and DEFI.ssi also rose by 1.69% and 3.10% respectively, indicating the synchronized recovery of many asset groups.
This trend somewhat reflects strong buying power from whales and professional investment funds, as well as the recovery of DeFi and NFT applications related to the Ethereum platform.
What highlights does the NFT and DeFi sector have in this price increase?
The NFT sector increased by 4.28% in 24 hours, with strong breakthroughs from several prominent projects like Pudgy Penguins (+4.77%) and Zora (+28.82%). DeFi also recorded a 1.79% increase, with Ethena and Lido DAO rising by 10.79% and 11.30% respectively, reflecting the growing appeal of DeFi.
These figures show that NFT and DeFi continue to be two important development areas in the cryptocurrency market, attracting new capital flows thanks to innovative products and effective operating models.
"The uniform growth of NFT and DeFi is driving sustainable development for the entire cryptocurrency ecosystem."
Blockchain expert Le Minh, 2024
This is also reflected in the ssiNFT and ssiDeFi indices, which increased by 4.04% and 3.44% respectively, showing the depth and spread of these segments in the market.
Why did the Meme Coin sector see a slight decline while other groups increased?
The Meme Coin sector decreased by 0.52%, with DOGE, PEPE, and TRUMP all experiencing declines ranging from 1.36% to 2.08%. This indicates a difference in characteristics and behavior of this token group compared to other segments.
Meme Coins are often heavily influenced by market sentiment and media phenomena, leading to strong price volatility but lacking long-term stability. The slight decline amidst an overall market recovery may be due to investors focusing on tokens with high application potential and more solid projects like NFTs and DeFi.
How does the ssi index reflect the current market trend?
The ssiNFT, ssiDeFi, and ssiCeFi indices increased by 4.04%, 3.44%, and 1.42% respectively, showing that these sectors are demonstrating a strong recovery trend and stable development.
The bullish consensus across many index groups is a positive signal for investor confidence in the profitability and long-term sustainability of various digital asset segments in the diverse cryptocurrency market.
"Sector indices show a clear differentiation in profits, marking a highlight for sectors applying new technologies and innovative financial models."
Market analysis from the Vietnam Cryptocurrency Research Center, 2024
Frequently Asked Questions
When did Ethereum reach its highest price?
Ethereum has reached a new peak above $4,300, the highest level since late 2021, reflecting a strong recovery of the Ethereum network.
What price is Bitcoin currently at and will it continue to rise?
Bitcoin rose 3.96% to nearly $121,000, approaching the all-time historical high, indicating a positive short-term bullish trend.
Why are NFT and DeFi receiving a lot of attention during this price increase?
NFT and DeFi attract investors thanks to innovative products and DeFi models, providing high profits and growth potential.
Does the decline in the Meme Coin sector have any impact on the overall market?
Meme Coin dropped slightly, not significantly impacting as other groups like NFT and DeFi are experiencing strong growth, creating balance in the market.
What does the ssi index evaluate in the cryptocurrency market?
The ssi index is used to reflect price trends as well as the health of various sectors in the cryptocurrency market, aiding investors in decision-making.
Source: https://tintucbitcoin.com/ethereum-vuot-4-300-usd-lap-dinh-moi/
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