Several sectors within the cryptocurrency market are experiencing a resurgence. ai and Big Data, Liquid Staking and DeFi projects managed to make the most profits last week.
According to its weekly results, artificial intelligence (ai) and Big Data, comprising 100 projects, topped the list with strong performance and a notable increase of 8.65%, as noted by the latest analysis by blockchain intelligence platform Santiment .
The collective market capitalization of ai and Big Data currently stands at a staggering $39.3 billion.
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Which twitter.com/hashtag/cryptocurrency?src=hash&ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>#cryptocurrency Are the sectors thriving and can they help your portfolio? Weekly returns:
ai and Big Data: +8.65%
Liquid bet: +8.12%
DeFi: +7.76%
Mark the twitter.com/santimentfeed?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>@santimentfeed watchlist page, save them to your free account or create your own: https://t.co/SeW71pQiZy pic.twitter.com/csIk08syUS
– Sentiment (@santimentfeed) twitter.com/santimentfeed/status/1777579848623591894?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>April 9, 2024
- Meanwhile, Liquid Stake, which consists of 17 projects, twitter.com/santimentfeed/status/1777579848623591894″ target=”_blank” rel=”noopener” data-wpel-link=”external”>arose as another promising sector, recording a significant rally of 8.12% in the last seven days. Its market capitalization has risen to $43 billion, indicating a growing trend in betting mechanisms amid a market-wide rally.
- On the other hand, the $111.9 billion DeFi sector spanning 477 projects ranked third on Santiment's list and recorded an increase of 7.76% during the same period.
- Several other sectors have seen growth in the last week. This includes 85 Layer 1 projects that together saw market capitalization increase by 7.19% and reach around $783 billion.
- Next was the ERC-20, valued at $708 billion and covering 988 projects, which witnessed a combined market capitalization increase of 6.8% over the past week. In fifth place was nfts, with 117 projects recording a weekly increase of 6.47% to $17.6 billion in market capitalization.
- Meanwhile, Layer 2, with 22 projects under its belt, ranked sixth with an increase of 5.9%.
- The social, meme coins, and gaming sectors also showed significant growth this week with increases of 5.73%, 5.59%, and 4.24% in their respective market capitalizations.
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