PANews reported on February 2nd that the crypto market continued its downward trajectory, though the pace of decline appeared to moderate somewhat. Ethereum experienced a notable 6.15% drop over 24 hours, falling below the $2,300.00 threshold, whereas Bitcoin declined 1.21%, settling beneath $78,000.00. The SocialFi sector emerged as the sole bright spot, analysts believe, climbing 0.58% with Toncoin advancing 0.52% and Chiliz surging 4.02%. Layer 2 tokens, however, decreased 1.36%, yet zkSync impressively spiked 13.62% while Zora gained 4.73%. The Meme sector remained relatively flat at -0.12%, with MemeCore maintaining strength at 4.79%. Layer 1 fell 1.77%, though Canton Network rose 4.73%. DeFi slid 1.93%, but MYX Finance defied expectations, surging 14.41%. CeFi dropped 2.24%, with Binance Coin down 2.49%, and PayFi declined 2.92%, despite Ultima's remarkable 19.93% rally. Overall, historical performance showed the ssiSocialFi, ssiMeme, and ssiRWA indices posting gains of 1.20%, 1.14%, and 0.17% respectively.
PANews reported on February 2nd that, according to SoSoValue data, the cryptocurrency market continued its downward trend, although the decline narrowed somewhat. Ethereum (ETH) fell 6.15% in the last 24 hours, breaking below $2300. Bitcoin (BTC) fell 1.21%, breaking below $78,000. Only the SocialFi sector remained relatively resilient, rising 0.58%. Within the sector, Toncoin (TON) rose 0.52%, and Chiliz (CHZ) rose 4.02%.
In other sectors, the Layer 2 sector fell 1.36% in the last 24 hours, but zkSync (ZK) surged 13.62% and Zora (ZORA) rose 4.73%; the Meme sector fell 0.12%, with MemeCore (M) remaining relatively strong, rising 4.79%; the Layer 1 sector fell 1.77%, with Canton Network (CC) rising 4.73% intraday; the DeFi sector fell 1.93%, with MYX Finance (MYX) bucking the trend and rising 14.41%; the CeFi sector fell 2.24%, with Binance Coin (BNB) falling 2.49%; and the PayFi sector fell 2.92%, with Ultima (ULTIMA) surging 19.93%.
The crypto sector indices, which reflect the historical performance of the sector, show that the ssiSocialFi, ssiMeme, and ssiRWA indices rose by 1.20%, 1.14%, and 0.17%, respectively.
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