Most crypto stocks rose, with SocialFi up over 3%, while Layer 2 and DeFi stocks fell slightly.

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According to data from SoSoValue, the crypto market as a whole showed a moderate upward trend on Odaily 31st. The SocialFi sector rose 3.28% in the last 24 hours, marking its second consecutive day of gains. Among them, Toncoin (TON) rose another 2.99%, and Chiliz (CHZ) surged 8.14%. In addition, Bitcoin (BTC) rose 1.63%, breaking through $88,000; Ethereum (ETH) rose 1.54%, maintaining a narrow range of fluctuation around the $2,900 mark.

In other sectors, the Layer 1 sector rose 1.39% in the last 24 hours, with Canton Network (CC) surging 19.46% within the sector; the PayFi sector rose 1.30%, with Verge (XVG) rising 9.21%; the CeFi sector rose 1.09%, with FTX (FTT) rising 3.60%; the Meme sector rose 0.60%, with Pump.fun (PUMP) rising 5.72%.

In addition, the Layer 2 sector fell 0.63%, but Merlin Chain (MERL) rose 3.94%; the DeFi sector fell 0.92%, but Kamino (KMNO) bucked the trend and rose 10.39%.

The crypto sector indices, which reflect the historical performance of the sector, show that the ssiSocialFi, ssiLayer1, and ssiPayFi indices rose by 3.50%, 1.52%, and 1.39%, 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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