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.
The Japanese yen exchange rate has plummeted in recent years. Since April, the listed company Metaplanet has announced several times that it has purchased large amounts of Bitcoin. These frequent actions are believed to be imitating the US company MicroStrategy.
JinseFinanceMicroStrategy, a major Bitcoin holder among publicly traded companies in the U.S., announced yesterday (13th) its plan to issue $500 million worth of convertible senior notes to qualified institutional investors and use the proceeds to buy more Bitcoin. However, the stock price fell instead of rising.
AlexMicroStrategy’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.
JinseFinanceTD Cowen analysts say MicroStrategy stock’s premium over BTC will compress but not disappear as spot Bitcoin funds come online.
JinseFinanceFollowing the initial report on Monday, BC Technology's Share Price fell by 22 per cent.
ClementWelt’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).
FinboldThe 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.
CointelegraphAccording to Thursday's reports, the recent decline in bitcoin's value has not altered the investment tactics of MicroStrategy. MicroStrategy surged ...
BitcoinistShock earnings reports contributed to fresh market weakness, depriving Bitcoin and altcoins of any new gains.
Cointelegraph