- Memecoin gains 10.80% in 24 hours, recording a 7-day high.
- ENS soars 138% in four weeks, hitting a 52-week high at $24.78.
- SUI Protocol surges to an 8-month high, recording over $265 million TVL.
The cryptocurrency market has witnessed a remarkable resurgence, with major digital currencies like Bitcoin experiencing a notable increase in value. Despite liquidations totalling over $230 million in the past 24 hours, including $43.2 million in Bitcoin long positions, the overall market sentiment remains buoyant. This uptick comes after the launch of a series of spot Bitcoin ETFs in the United States, which have seen trading volumes exceed $4.5 billion on their first day.
Ethereum Name Services (ENS)
Ethereum Name Services (ENS) has recently shown a significant recovery. After ranging between $8 and $9.32, ENS broke out and rallied. However, this increase was met with resistance at $10.91, leading to further sideways movement.
ENS/USD 24-hour price chart (source: CoinStats)
The altcoin has since seen a 138% jump in its price, reflecting a bullish sentiment in the market in the last month. Recently, Vitalik Buterin emphasized the need for ENS to be available on all layer two networks, as reported by CoinEdition.
Consequently, the ENS bullish rally rallied the price to a 52-week high of $24.78 before facing resistance. At press time, the ENS price was exchanging hands at $21.30, a 1.1% surge from the 24-hour low.
SUI Protocol Hits New Highs
The SUI smart contract layer 1 protocol has also been a standout performer, with its total locked value (TVL) reaching over $265 million, a record for the SUI ecosystem. At the time of writing SUI token was trading at $1.14,its highest price since the highest since May 2023. This growth in TVL underscores the increasing investor confidence in the protocol’s long-term potential.
SUI/USD 24-hour price chart (source: CoinStats)
Memecoin Gains Traction
Similarly, Memecoin has seen a rise of 10.80% in the last 24 hours, hitting a 7-day high. Currently ranked 185 on CoinMarketCap, it has a market cap of approximately $237 million, with a circulating supply nearing 8.87 billion coins.
MEME/USD 24-hour price chart (source: CoinStats)
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