SafeMoon (SAFE), Chainlink (LINK), and Optimism (OM) Are the Most Active Performing Tokens in the Cryptocurrency Market
- Linda HamiltonOriginal
- 2024-10-26 03:22:10798browse
The global market cap stands at $2.30T, while the 24-hour trading volume hits $73.06B, which would naturally spark greater interest
Top Gainers In the Last 24 HoursMany altcoins have been in the limelight in the past 24 hours and have had good bounce rates after declining. Here are the leading gainers:
1. SafeMoon (SAFE)
2. Optimism (OM)
3. Chainlink (LINK)
4. Pyth Network (PYTH)
5. Internet Computer (ICP)
SafeMoon (SAFE) rose by 29% in one day after it plummeted to a 12.7% drop earlier in the day. This is more apparent with strong buying pressure and market confidence in the asset. A strong bounce shows some level of growth in SafeMoon, and investors are optimistic, leading to the top performer of the day.
Optimism (OM) posted an impressive gain of 4.51% after declining by 6.82%. Being a Layer-2 scaling solution to scale Ethereum, the interest in Optimism is increasing. These aims and strategies have been taken to the next level through the recent price increase due to ecosystem development and expansion.
Chainlink, famous for decentralized oracle services, surged by 4.09% after dipping slightly by 3.23%. The amplification of its performances is due to the initial base of the DeFi sector that LINK has played and its association with several blockchain platforms.
Two other assets also saw notable recovery:
4. Pyth Network (PYTH)
5. Internet Computer (ICP)
Currently, both PYTH and ICP are on an upward trajectory in their respective fields, with PYTH specializing in decentralized financial market data and ICP catering to decentralized web services.
Market's Most Popular LiquidationsMajor liquidations were detected in broad markets with the BTC at $32.08M and ETH at $24.71M. Other important assets that also suffered significant liquidations include Solana ($8.45M), Sui ($3.52M), and Dogecoin ($3.46M), which shows how much the market is still volatile and how massive leveraged positions are being liquidated.
Since the crypto market is still volatile, investors are encouraged to be wiser and should always be updated.
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