Crypto Tokens See $8 Billion in Spot Trading Volume
In a recent report, data and research firm Kaiko identified eight crypto tokens that have experienced a combined trading volume of $8 billion since the start of the current bull run in November 2023. These tokens were launched in 2023 and early 2024 and continue to see significant trading volumes on a daily basis.
Bittensor (TAO) Performance
Bittensor, an open-source protocol for decentralized machine learning, has seen a price increase of over 550% since November 2023. The token reached an all-time high of $698.62 on February 16 and is currently trading at $624. Experts predict further upside momentum for Bittensor.
Dymension (DYM) Powering RollApps
Dymension, a platform for lightning-fast app-chains called RollApps, has seen a 52% increase in price since its launch in January. The token is currently trading at $7.07 and reached an all-time high of $8.66 on February 14.
Pyth Network (PYTH)
Pyth Network, a first-party oracle network delivering real-time market data, has experienced a price increase of over 60% since its debut in January. The token reached an all-time high of $0.683 on February 14 and is currently trading at $0.549.
Sui Network (SUI) Remarkable Run
Sui, a Layer 1 blockchain designed for fast and secure digital asset ownership, has rallied over 360% since November. The token is currently trading at $1.69 and reached a high of $1.96 on February 14.
Aptos (APT) Gains Significant Attention
Aptos, an independent Layer 1 blockchain focused on safety and scalability, has seen a price increase of 120% since November. The token is currently trading at $9.38 and reached a recent high of $10.75 on December 27.
Jupiter (JUP)
Jupiter, a Solana DEX known for spot aggregation and trading infrastructure, recently launched its token JUP. While the price has experienced some drops, it holds promise for the future. The token is currently trading at $0.48.
Sei (SEI)
Sei, a trading-focused Layer 1 blockchain, has rallied 750% since November. The token reached an all-time high of $1.03 on February 18 but has seen a correction in the past 24 hours with an 11% drop to $0.85.
Celestia (TIA)
Celestia, the first modular blockchain network, has seen a price increase of over 750% since its debut on October 31. The token reached an all-time high of $20.91 on February 10 and is currently trading at $17.43.
Hot Take: New Tokens Drive Bull Run
The recent bull run in the crypto market has been fueled by the introduction of new projects and tokens. These tokens have experienced significant trading volumes and price increases, attracting attention from investors and experts alike. As the crypto market continues to evolve, it’s important to keep an eye on these emerging tokens and their potential for future growth.
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