Crypto trade’s main information and analysis agency Kaiko revealed among the greatest performing tokens on this min-bull rally since 2023-end and 2024. The bulls are driving the crypto market in the direction of a brand new all-time excessive as these new initiatives and tokens enter the house.
Crypto Tokens Recorded $8 Billion in Spot Trading Volume
Kaiko on February 22 reported eight crypto tokens that noticed $8 billion in web buying and selling quantity because the bull run began in November 2023. These tokens had been launched in 2023 and early 2024, with some persevering with to see huge buying and selling volumes every day.
The weekly spot quantity on centralized exchanges for brand new tokens together with Bittensor (TAO), Dymension (DYM), Pyth Network (PYTH), Sui (SUI), Aptos (APT), Jupiter (JUP), Sei (SEI), and Celestia (TIA) is $8 billion.
Bittensor (TAO) Performance
Bittensor is an open-source protocol that powers a decentralized, blockchain-based machine studying community, enabling the event and utility of AI fashions. TAO worth has rallied greater than 550% since November final 12 months, with a steady leap in buying and selling volumes. The worth hit a brand new all-time excessive (ATH) of $698.62 on February 16 amid AI buzz.
The worth is at the moment buying and selling at $624, up practically 10% over the past 24 hours and 145% in a month. Experts predict upside momentum amid AI hype can take worth above $1,000.
Dymension (DYM) Powering RollApps
Dymension is a house for simply deployable and lightning quick app-chains referred to as RollApps, enabling interoperability and communication between completely different blockchain ecosystems. DYM price has soared 52% since its launch in January finish. The worth at the moment trades at $7.07, up 2% within the final 24 hours. It hit an ATH of $8.66 on February 14.
Pyth Network (PYTH)
Pyth Network is the most important and fastest-growing first-party oracle community, delivering real-time market information to monetary dApps throughout blockchains. PYTH worth hit ATH of $0.683 on Feb 14 after debut in January. It has rallied over 60%, with sustainable buying and selling volumes. In the final 24 hours, the value jumped 2% to $0.549. The market cap is $834 million on the time of writing.
Sui Network (SUI) Remarkable Run
Sui is a Layer 1 blockchain designed to make digital asset possession quick, personal, safe, and accessible. It is backed by Sui Foundation, which is devoted in the direction of Sui by supporting its builder and creator neighborhood.
SUI worth jumped over 3% within the final 24 hours, with the value at the moment buying and selling at $1.69. It has rallied over 360% since November. SUI hit a excessive of $1.96 on February 14.
Aptos (APT) Gains Significant Attention
Aptos is termed as unbiased Layer 1 blockchain centered on security and scalability driving progress inside a decentralized community and developer ecosystem. Aptos worth gained vital consideration since launch final 12 months. APT worth has rallied 120% since November and hit a latest excessive of $10.75 on Dec 27. In the final 24 hours, the value jumped 2% to $9.38. The market cap is $3.44 billion on the time of writing.
Jupiter (JUP)
Jupiter is a Solana DEX thought of as the very best on-chain buying and selling platform for spot aggregation, DCA, and perpetuals, delivering important liquidity infrastructure for the Solana ecosystem. Jupiter just lately launched its token JUP on January 31.
JUP price has dropped nevertheless it holds vital promise. JUP worth at the moment trades at $0.48, up 1% up to now 24 hours. The market cap is over $650 million on the time of writing.
Sei (SEI)
Sei is the trading-focused Layer 1 blockchain backed by distinguished traders and designed for velocity, low charges, and different options that assist buying and selling purposes.
SEI worth has rallied 750% since November and hit ATH of $1.03 on February 18. In the final 24 hours, the value is below correction, with an 11% drop to $0.85. The market cap is $2.17 billion on the time of writing.
Celestia (TIA)
Celestia (TIA) is the primary modular blockchain community that allows anybody to simply deploy their blockchain with minimal efforts. Similar to Sei and Sui, Celestia is among the main blockchains contributing to $8 billion buying and selling quantity.
TIA worth has rallied over 750% since its debut on October 31. The worth hit ATH of $20.91 on February 10. In the final 24 hours, the value jumped 2% to $17.43. The market cap is $2.89 billion on the time of writing.
Also Read:
The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
