Here are the Altcoins that made their investors happy within 24 hours: Will the rise continue?

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In the past 24 hours Sui There was a significant increase in the prices of (SUI), Monero (XMR) and Lido DAO (LDO). This points to a possible increase in investor interest surrounding these tokens. The 24-hour success of XMR and LDO also earned them a place on CoinMarketCap’s trending list.

Sui (SUI)

At the time of writing, SUI is worth approximately $0.4556 after its price rose 4.13% in the last 24 hours. This, altcoinThis meant that it was trading just below the previous day’s highest price of $0.4586.

Sui

The token’s price increase follows reports earlier this week that the Sui Foundation is preparing to support the DeFi ecosystem with a significant investment of $51.3 million through an ecosystem fund. to the announcement can be connected. The fund aims to provide significant support for DeFi developers and DeepBook.

DeepBook is an on-chain centralized limit order book platform designed to rival Nasdaq’s high-frequency trading capabilities. Specifically, a total of 117 million SUI will be received back from “external market makers” to be allocated as grants to support DeFi developers in their initiatives.

Monero (XMR)

during the past day XMRThe price of managed to increase by 1.77%. The token is trading at $151.83. Additionally, the price of the cryptocurrency has increased by more than 4% in the last seven days.

Although there have been no significant developments or announcements on Monero’s X page in the past few weeks, the token price has managed to increase by 7.17% in the past month. With a market cap of $2,784,571,981, XMR was ranked as the 24th largest cryptocurrency in terms of market cap. This placed it just behind Stellar (XLM) in 23rd place.

Lido DAO (LDO)

LDO, was able to recover slightly after its price fell more than 5% last week. At press time, the token was valued at $1.57 after its price experienced a slight increase of 1.13% in the last 24 hours. This meant that the cryptocurrency was trading just below its 24-hour high price of $1.58.

However, the token’s intraday trading volume dropped by 27.35% to $23,535,555. LDO is the 32nd largest with a market capitalization of $1,403,056,950. cryptocurrency listed as unit.


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