Most crypto market sectors have experienced a significant correction, while DeFi and NFT sectors are still strong
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According to SoSoValue data, the cryptocurrency market sector has seen a correction, with most cryptocurrency sectors seeing a 24H decline of around 1.5% to 3%. The CeFi, Layer1, AI, and PayFi sectors that were relatively strong last week have seen more significant corrections, with a 24H decline of around 3%. It is worth noting that the CeFi sector declined by 2.84%, with BNB (BNB) and Cronos (CRO) declining by 3.61% and 3.33% respectively. The Layer1 sector declined by 2.81%, with Solana (SOL) and Cardano (ADA) declining by approximately 3.83% and 3.5% respectively. The AI sector declined by 2.47%, with Render (RENDER) declining by around 4.45%. In contrast, the DeFi and Non-Fungible Token sectors remained relatively strong, with the DeFi sector maintaining a 0.63% 24H increase, and Chainlink (LINK) and Uniswap (UNI) performing well, with 24H increases of 6.66% and 2% respectively. Additionally, some smaller-cap projects in the Non-Fungible Token sector, such as MuseDAO (MUSE) and ECOMI (OMI), have seen strong 24H increases of 35.53% and 28% respectively.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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