The crypto market showed a general upward trend, and the PayFi sector led the rise by 21% in 24 hours due to favorable policy news
According to SoSoValue data, the crypto market sectors continue to show a general upward trend, with the PayFi sector leading the way, with a 24-hour increase of 21%; among them, the outstanding performances include Ripple (XRP) with a 25.75% increase and Stellar (XLM) with a 19.59% increase. In addition, the ssiPayFi index, which represents the historical performance of the PayFi sector, is currently priced at $21.2, with a weekly increase of 44.44% and a monthly increase of 123.47%, both of which are the first in the increase list of other sector indexes.
SoSoValue analysts said that affected by the news that SEC Gary Gensler is expected to step down on January 20, 2025, PayFi is expected to strengthen and maintain an upward trend in the long term.
In addition, it is worth noting that the Layer 2 sector increased by 11.68%, the Defi sector increased by 7.29%, and the Layer 1 sector increased by 7.2%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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