According to CoinMarketCap, the world's most referenced cryptoasset price tracking website, SUI gained the most on the day with 17%, followed by FTT and BLUR.
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As the January 12 leader, Sui (SUI) represents a pioneering Layer 1 blockchain and smart contract platform designed to facilitate digital asset ownership quickly, privately and securely. As of the latest update, the live Sui price is $1.18, accompanied by a 24-hour trading volume of $870 million, reflecting a 17.7% increase in the last 24 hours .
The recent developments coincide with a press release on January 11, where it was announced that Sui, in partnership with Karrier One, would integrate advanced telecommunications services with the functionalities of web3 technology. Sui has since reported a significant increase in TVL on her official X account.
Subsequently, FTX Token (FTT) emerged as the second place on the charts, dropping one place from a previous report. The now 15.6% increase coincided with reports that numerous FTX clients had asked a US bankruptcy judge for intervention to prevent the defunct cryptocurrency exchange from using 2022 prices to assess the valuation of their cryptocurrency deposits. At the time of writing, the token was trading at $3.08.
Third place in the ranking goes to Blur (BLUR), the governance token for the Blur nft marketplace and aggregation platform. With a live price of $0.642967 USD and a 24-hour trading volume of $447 million, Blur is said to have seen a 13.5% increase in the last 24 hours.
The recent rise of altcoins, rather than bitcoin, following Gary Gensler's approval indicates a notable trend in the market, and many believe it is the beginning of the “alt season.”
