CandleFocus Top 3 Altcoins Surge: BONK, Fantom and Sui Lead the Crypto Rally
2024-10-01
Author: Content Editor
In the past 24 hours, the global crypto market experienced a slight decrease in market capitalization but saw a significant surge in trading volume. DeFi volume accounted for 5.67% of the total market volume, while stablecoins dominated the trading volume. Bitcoin's dominance slightly decreased, while Ethereum remained the second-largest cryptocurrency. Despite the market correction, BONK, Fantom, and Sui showed notable gains. BONK experienced an increase in trading volume and market cap ratio, with a bullish market sentiment. Fantom climbed with growing investor confidence but approached overbought territory, and Sui also posted gains with a positive market sentiment. Overall, these assets show potential for further upside but caution should be exercised due to elevated indicators like the Relative Strength Index (RSI).
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