Data: The cryptocurrency market sector shows a general upward trend, with the PayFi sector leading the gains at 21% in the last 24 hours due to favorable policy news

2024-11-22 10:43:38

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ChainCatcher news, according to SoSoValue data, the encrypted market sector continues to show a general upward trend, with the PayFi sector leading the way, achieving a 24H increase of 21%; notable performers include Ripple (XRP) with an increase of 25.75% and Stellar (XLM) with an increase of 19.59%. Additionally, the ssiPayFi index, which represents the historical performance of the PayFi sector, currently has a price of $21.2, with a weekly increase of 44.44% and a monthly increase of 123.47%, ranking first among the increase lists of other sector indices.

SoSoValue analysts indicate that, influenced by the news that SEC Chairman Gary Gensler is expected to resign on January 20, 2025, PayFi is anticipated to strengthen and maintain an upward trend in the long term.

Moreover, it is worth noting that the Layer 2 sector has increased by 11.68%, the Defi sector by 7.29%, and the Layer 1 sector by 7.2%.

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