According to CoinMarketCap, a leading crypto price-tracking website, Sui (SUI) has claimed the top spot as the day’s highest gainer, experiencing a remarkable 17% increase. Sui is recognized as a pioneering Layer 1 blockchain and smart contract platform designed for swift, private, and secure digital asset ownership. The current live price of Sui stands at $1.18, accompanied by a 24-hour trading volume of $870 million.
The surge in Sui’s value aligns with recent developments announced in a press release on January 11, revealing a strategic partnership between Sui and Karrier One. The collaboration aims to integrate advanced telecom services with web3 technology functionalities. This initiative has contributed to a significant increase in Total Value Locked (TVL) in Sui’s official account on X.
FTX Token (FTT) secured the second position in the daily gainers’ list with a 15.6% increase. This surge coincided with reports of FTX clients seeking a U.S. bankruptcy judge’s intervention to prevent the defunct cryptocurrency exchange from using 2022 prices to assess the valuation of their cryptocurrency deposits. FTT is currently trading at $3.08.
Blur (BLUR), the governance token for the Blur NFT marketplace and aggregator platform, claimed the third spot among the top gainers. With a live price of $0.642967 USD and a 24-hour trading volume of $447 million, Blur has seen a 13.5% increase in the last 24 hours.
The notable trend of altcoins outperforming Bitcoin following Gary Gensler’s approval is seen by many as the beginning of “altseason” in the cryptocurrency market.
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