SoSo Daily Dec 29 | The founder of a16z announces the release of ELIZA v1.7, which introduces new plugins and features.
Crypto Market Overview
Let's turn our attention to today's overall Crypto market situation.
As of 11:59 PM on December 28, 2024, according to sosovalue, the total market cap of the crypto market stands at 3.48 trillion US dollars, witnessing an increase of 0.0494% compared to yesterday; the total trading volume is 98.39 billion US dollars, marking a decline of 40.5% from the previous day.
According to sosovalue, the price of $BTC is 95,313 USD, an increase of 1.08% from yesterday. The market cap of $BTC is 1.89 trillion USD, accounting for 54.2% of the total market cap; $BTC's 24-hour trading volume is 23.54 billion USD, making up 23.9% of the total trading volume.
The price of $ETH is 3,404 USD, up 2.11% from yesterday; the market cap of $ETH is 410.07 billion USD, representing 11.8% of the total market cap; $ETH's 24-hour trading volume is 13.89 billion USD, comprising 14.1% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 66.0% of the total cryptocurrency market cap, and their combined trading volumes constitute 38.0% of the total trading volume.
After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Automata. As of 23:50 today, its market cap is 118.80M, with a coin price of 0.21110 USD, witnessing a 24-hour increase of 101%.
The second is Quantlytica. As of 23:50 today, its coin price is 0.21293 USD, with a 24-hour increase of 63.4%.
The third is Steem. As of 23:50 today, its coin price is 0.34360 USD, showing a 24-hour increase of 60.7%.
In fourth place is Eliza. As of 23:50 today, its coin price is 0.097317 USD, with a 24-hour rise of 54.1%.
In fifth place is Fuel Network. As of 23:50 today, its coin price is 0.078480 USD, increasing by 43.7% over the last 24 hours.
Sector Performance in the Crypto Market
According to sosovalue, out of 16 sectors, 15 are up and 1 is down. Notably, the DePIN, Meme, and Layer1 sectors are worth mentioning.
DePIN Sector
The DePIN sector has risen by 4.5% relative to the UTC 0 time, led by gains in rlc (20.5%), storj (19.4%), and zcn (18.1%).
Meme Sector
The Meme sector has increased by 4.37% relative to UTC 0, with ELIZA (52%), vvaifu (45.4%), and ai16z (40.4%) leading the rise.
Layer1 Sector
The Layer1 sector has risen by 3.91%, with steem (64.5%), rose (16.9%), and XION (11.7%) leading the rise.
Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:
Odaily Planet Daily News According to information from the official Salvadoran page, El Salvador currently holds 6,000 $BTC, worth over 568 million USD.
Next news:Shaw, the founder of ai16z, announced on the X platform that ELIZA v1.7 has been released, featuring new plugins and functionalities.
Next news:
According to TechFlow news on December 28, data from Coinglass shows that the total open interest for $BTC contracts across the network reached 626.30 thousand $BTC (approximately 59.32 billion USD), with a decrease of only 0.41% over the past 24 hours. Among them, CME leads with 188.50 thousand $BTC (approximately 17.81 billion USD), accounting for 30.01%, with a 24-hour decrease of 2.31%; Binance ranks second with 126 thousand $BTC (approximately 11.94 billion USD), accounting for 20.13%, with a 24-hour increase of 0.34%.
Next news:According to Wu, Galaxy Research has released predictions for the cryptocurrency market in 2025: Bitcoin is expected to break through 150 thousand USD in the first half of 2025, and may reach or exceed 185 thousand USD by the fourth quarter; benefiting from regulatory relaxations in the DeFi and staking sectors, Ethereum is projected to surpass 5,500 USD in 2025; by the end of 2025, it is expected that the staking ratio of Ethereum will exceed 50%; in 2025, a significant number of leading Bitcoin miners will collaborate with high-performance computing (HPC) and AI companies to drive the transformation of mining infrastructure; at least one top wealth management platform will announce a recommendation for a Bitcoin allocation of 2% or more in portfolios, further boosting inflows into Bitcoin ETPs; DeFi applications are expected to start distributing at least 1 billion USD in value to users and token holders; in 2025, venture capital in the crypto industry will exceed 150 billion USD, representing a year-on-year growth of over 50%; by 2025, the supply of stablecoins is expected to double, and more stablecoin projects supported by traditional finance (TradFi) partners will be launched.
Next news:
Odaily Planet Daily reported that according to monitoring by The Data Nerd, 2 hours ago, a whale transferred 10 million FTM (approximately 8.17 million USD) to Binance. Two years ago, this whale accumulated 23.45 million FTM at an average price of 0.618 USD.
Next news:
Odaily Planet Daily News According to Onchain Lens monitoring, SideShift.ai founder Andreas Brekken's associated wallet withdrew 5 million USDC from Hyperliquid, spending 2 million USDC to buy 21.11 cbBTC at an average price of $94,742. It is reported that Andreas has set this to automatic purchase mode, buying cbBTC every 36 minutes. Currently, his wallet still holds 3 million USDC, which will be used to purchase more cbBTC.
Next news:Scam Sniffer has detected fraudulent advertisements impersonating Usual Protocol appearing on Google. These ads may lure users into clicking, connecting their wallets, and signing transactions, resulting in asset theft.
Next news:
According to Wu's report and SoSoValue data, on December 27th (Eastern Time), the total net inflow for Ethereum spot ETFs was $47.77 million, marking four consecutive days of net inflows. The Ethereum spot ETF with the highest single-day net inflow yesterday was the Fidelity ETF FETH, which recorded a net inflow of $27.54 million. Currently, the total historical net inflow for FETH has reached $1.57 billion.
Next news:
Odaily Planet Daily reported that Coinglass data shows that the total liquidation across the network in the past 24 hours amounted to 176 million USD, including long position liquidations of 127 million USD and short position liquidations of 49.54 million USD.
Next news:
According to Odaily Planet Daily, Simon Gerovich, CEO of the Japanese listed company Metaplanet, stated on the X platform that among the 55,000 listed companies globally, Metaplanet ranks first in stock price return rate for companies with a market capitalization exceeding 250 million USD and an average daily trading volume exceeding 50 million USD in 2024, with a return rate of approximately 2600% this year. Metaplanet's stock price ranks first in Japan this year with a market capitalization soaring by about 6000%. Metaplanet has become one of the largest Bitcoin holders in the world, ranking 15th among all listed companies, increasing its Bitcoin reserves from zero to 1,761 coins. This officially establishes its identity as a Bitcoin reserve company, with the mission of promoting the popularization of Bitcoin, innovation, and the growth of shareholder value.
Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.