Bitcoin is up 1.3% today, but alts like MATIC, LINK, and SUI are taking the lead.
While Bitcoin has increased 1.3% in the last day, Sui (SUI), which has increased by almost 12% since yesterday, has emerged as the largest winner.
Bitcoin Price Chart | Source: Coinstats
SUI, which was introduced by former Meta engineers last year, was priced at $0.57 at the time of writing.
Coinstats reports that in the last week, it has increased by more than 31%.
SUI Price Chart | Source: Coinstats
The key to its success is its integration with Space and Time, a data platform funded by Microsoft that processes data for companies.
The Sui Foundation unveiled a $51.3 million ecosystem fund last month to assist DeepBook, an on-chain central limit order book-based platform, and the DeFi ecosystem.
In addition, Chainlink (LINK) is currently among the top-performing cryptocurrencies.
At $13.92, the 13th-largest digital asset by market capitalization was trading at a 24-hour increase of 8%.
Chainlink Price Chart | Source: Coinstats
The British telecom giant Vodafone connected its Digital Asset Broker (DAB) to the Chainlink network to enhance document transfer, which resulted in a boom for LINK.
DAB changed its name to Pairpoint today.
Additionally, Polygon (MATIC) is among the biggest winners from the previous day.
In the last day, it has increased by almost 8%.
Polygon introduced their own POL coin to Ethereum towards the end of last month.
POL is intended to eventually take the role of MATIC as the main token on the network.
However, owners have four years to make the change.
In other news, over the last day, Bitcoin, the largest cryptocurrency by market capitalization, has increased by almost 1.3%.
It cost $35,305 at the time this article was written.
The excitement surrounding the possible establishment of a Bitcoin exchange-traded fund (ETF) has caused interest in Bitcoin to soar, pushing the largest digital currency to 18-month highs.
But since the expectation of an SEC approval cooled, things have calmed down a lot.
However, as is typically the case, the rise in BTC also affected the other cryptocurrencies.
Boyaa Interactive's crypto investment plan: seeks $100M more, crypto holdings soar to $46M unrealized profits. Stock surges 90% in two days amidst crypto profitability.
EdmundMicroStrategy’s Bitcoin holdings have surpassed $11 billion and its shares are likely to rise on increased institutional Bitcoin demand and the cryptocurrency’s halving, Benchmark said.
JinseFinanceFollowing the initial report on Monday, BC Technology's Share Price fell by 22 per cent.
ClementCoinbase’s stock jumped Wednesday following news that the cryptocurrency exchange had reached a $100 million settlement with the New York Department of Financial Services.
decryptWelt’s Holger Zscaepitz also took to Twitter to reveal that Tesla, with a price of around $109, has never been further away from the average analysts’ price target ($255).
FinboldCoinbase joins Grayscale in claiming that the SEC is failing to give spot market Bitcoin ETFs fair consideration.
OthersThe Starry Night Capital NFT fund is now in the hands of liquidators, which plan to sell off the assets to cover Three Arrows’ obligations.
OthersThe United States cryptocurrency exchange has seen its stock price plunge in lockstep with Bitcoin, Ether and the broader digital asset market.
CointelegraphVYGVF dropped as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day.
CointelegraphShock earnings reports contributed to fresh market weakness, depriving Bitcoin and altcoins of any new gains.
Cointelegraph