ETH leads the market in trading volume, with BETA rising 64% in a single day!

As of the latest closing, the core indicator currencies have remained stable, while small and medium-sized currencies have staged a frenzy of ups and downs. Ethereum (ETH) leads the market with a 24-hour trading volume of over $475 million, while BETA has surged 64% in daily gains, becoming the focus of the entire market. At the same time, some currencies continue to decline, and the long short game trend is becoming increasingly evident.

The performance of core indicator currencies is stable, and the volume price pattern shows differentiated characteristics. Bitcoin (BTC) is currently trading at $95184.99, with a slight decrease of 0.03% over 24 hours. The almost flat trend reflects the market's cautious attitude towards its high volatility, with a 24-hour trading volume of $437 million, which remains high but slightly lower than ETH. Ethereum (ETH) has shown more resilience, with a current price of $3316.66 and a slight increase of 0.68% in 24 hours. The trading volume of $475 million not only surpassed BTC, but also widened the gap compared to USDC's trading volume of $407 million, highlighting the increasing preference of funds for ETH. Based on industry perspectives, the strong performance of ETH may be related to its undervalued value expectations in the market, and it still has core advantages in the competition of smart contract platforms, with continuous release of capital allocation needs.

Small and medium-sized currencies have become the core battlefield for fluctuations, with some currencies experiencing explosive growth. In the 24-hour price chart, BETA coin leads with an astonishing increase of 64%, followed closely by Viberate (VIB), with a daily increase of 63.3%. Both currencies have risen above 60%, becoming a hot spot for short-term funds to chase; BURGER coin also performed well, with a 24-hour increase of 28.6%, injecting vitality into the market. From the perspective of the past week, growth oriented currencies have continued to rise, with Prometheus (PROM) increasing by 48.5%, Golem (GLM) and JITO (JTO) rising by 17.8% and 9.68% respectively, showing a strong trend market, which may be related to favorable factors such as project technology breakthroughs and ecological expansion.

In sharp contrast to popular currencies, some currencies have been under continuous pressure and have experienced significant declines. In the 24-hour decline chart, SuperRare (RARE) led the market with a daily drop of 27.2%, while AXS (AXS) and SAND (SAND) fell 20.5% and 13% respectively, indicating significant short-term correction pressure. From the weekly performance perspective, AXS has intensified its decline, with a drop of 101% in the past week, while Dash has fallen 100% synchronously. SAND continues its downward trend, with a drop of 31.4% in the past week. The continued weakness of these currencies may be influenced by factors such as industry regulatory expectations and slower than expected project ecological progress, resulting in obvious signs of capital outflows.