SEI, Solana, Arbitrum, Hedera and Avalanche lead the market. SEI increased its market value by 62 percent week-on-week to $1.7 billion. Solana rose to $116.17 during the day, surpassing Bitcoin and Ethereum in its performance. It is accompanied by Arbitrum and Hedera, with a strong increase in Avalanche. Thus, all the spotlight in the market was turned on these 5 altcoin projects.
LunarCrush shared the market pioneers: SEI did ATH!
According to a recent post by LunarCrush, a social intelligence company, the cryptocurrency market is experiencing a significant increase in social activity and market performance. The advances of SEI, Solana, Arbitrum, Hedera and Avalanche particularly highlight this trend.
Reports show that SEI is making significant strides in the cryptocurrency market. At the time of writing, the altcoin was trading at $0.7504. Additionally, it has an impressive 24-hour trading volume of $1.230 billion. This growth increased SEI’s market value to approximately $1.73 billion. Thus, it consolidated its market dominance of 20.03%.
In a notable indicator of bullish momentum, SEI’s price rose over 62% last week, reaching an all-time high of $0.651399 on January 1, 2024. Meanwhile, market sentiment towards SEI continues to rise strongly. The Fear and Greed Index shows a ‘Greed’ value of 71 for the altcoin. SEI currently ranks 12th in the Proof-of-Stake sector in the broader crypto world. Additionally, it ranks 30th in the Layer 1 industry.
The spotlight is on these 4 altcoins
Moreover, cryptokoin.comAs you follow from , Solana (SOL) has recovered from its last decline. In the process, it found strong support near the $100 level. Following this correction, SOL broke the $108 resistance level and started a new bullish trajectory. This increase has surpassed the performance of both Bitcoin and Ethereum at the time of writing. Altcoin Solana was trading at $110 at the time of writing.
Arbitrum was trading at $1.81 at the time of writing. Additionally, the 24-hour trading volume was $524 million, indicating an increase of 6.16%. Meanwhile, Hedera (HBAR) is also actively expanding its infrastructure, especially by partnering with cryptocurrency exchange Archax in December 2023. Hedera’s price at the time of writing is $0.0969. Additionally, the 24-hour trading volume increased by 14.75% in the last 24 hours, with $115 million. Avalanche (AVAX) continues to show steady growth. The altcoin was trading at $41 with a 24-hour trading volume of $941 million. AVAX maintained its strong position by registering a strong increase during the day.
The current landscape of the cryptocurrency market showcases significant movements and developments in various digital assets, as reported by LunarCrush. SEI, Solana, Arbitrum, Hedera and Avalanche are leading this vibrant phase, underscoring the dynamic and ever-evolving nature of the crypto world.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!