- Memecoin rose 10.80% in 24 hours, hitting a 7-day excessive.
- ENS has soared 138% in 4 weeks to hit a brand new 52-week excessive of $24.78.
- SUI Protocol soared to an eight-month excessive with a TVL of over $265 million.
The cryptocurrency market has made a exceptional comeback, with main digital currencies equivalent to Bitcoin growing considerably in worth. General market sentiment stays upbeat regardless of a complete of over $230 million in liquidations previously 24 hours, together with $43.2 million of lengthy Bitcoin positions. The rally comes after the launch of a collection of spot Bitcoin ETFs within the US, with first-day buying and selling quantity exceeding $4.5 billion.
Ethereum Title Service (ENS)
Ethereum Title Service (ENS) has seen a major restoration lately. ENS fluctuated between $8 and $9.32 earlier than breaking and rebounding. Nonetheless, this rally encountered resistance at $10.91, resulting in additional sideways motion.
ENS/USD 24-hour value chart (Supply: coin statistics)
The altcoin's value has since elevated by 138% during the last month, reflecting the market's bullish sentiment. As reported by CoinEdition lately, Vitalik Buterin emphasised the necessity for ENS to be out there on all Layer 2 networks.
Because of this, the ENS bulls pushed the value to a 52-week excessive of $24.78 earlier than going through resistance. On the time of writing, ENS value was buying and selling at $21.30, up 1.1% from its 24-hour low.
SUI Protocol hits new highs
The SUI Sensible Contract Layer 1 protocol additionally confirmed excellent efficiency, with its Whole Worth Locked (TVL) exceeding $265 million, a file for the SUI ecosystem. On the time of writing, the SUI token was buying and selling at $1.14, its highest value since Could 2023. This progress in TVL highlights traders' rising confidence within the protocol's long-term potential.
SUI/USD 24-hour value chart (Supply: coin statistics)
Meme cash acquire momentum
Equally, Memecoin rose 10.80% previously 24 hours, hitting a 7-day excessive. It’s at present ranked 185th on CoinMarketCap, with a market capitalization of round $237 million and a circulating provide approaching 8.87 billion cash.
MEME/USD 24-hour value chart (Supply: coin statistics)
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