In the cryptocurrency market trade, SafeMoon (SAFE), Chainlink (LINK), and Optimism (OM) are the most active performing tokens. The global market cap stands at $2.30T, while the 24-hour trading volume hits $73.06B, which would naturally spark greater interest, as depicted by the Fear & Greed Index at 72% Greedy.
Daily Summary on October 25, 2024$SAFE $OM $LINK $PYTH $ICP $BTC $ETH $SOL $SUI $DOGE#dailysummary #DeFi #Crypto pic.twitter.com/7uJ2OUW3uR
— PHOENIX – Crypto News & Analytics (@pnxgrp) October 25, 2024
Among the top assets, Bitcoin (BTC) and Ethereum (ETH) remain leaders; the price for Bitcoin is $67,445, and its market share is 57.9%. Ethereum is at $2,475, making up 12.9% of the whole market. The DeFi sector also continues to thrive with a TVL of $131.73B, thus showing its contributions to the industry.
Top Gainers in the Last 24 Hours
Many altcoins have been in the limelight in the past 24 hours and have had good bounce rates after declining. Here are the leading gainers:
SafeMoon (SAFE)
SafeMoon 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)
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 (LINK)
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.
Other Notable Bounces
Two other assets also saw notable recovery:
- Pyth Network (PYTH): rose 3.87% after it had declined by 7.22%.
- Internet Computer (ICP): rose by 3.47% after reducing slightly by 0.83%.
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 Liquidations
Major 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.
