According to CoinMarketCap, the world’s most-referenced price-tracking website for cryptoassets, SUI is the day’s top gainer at 17%, followed by FTT and BLUR.
As the Jan. 12 leader, Sui (SUI) represents a pioneering Layer 1 blockchain and smart contract platform crafted to facilitate fast, private, and secure digital asset ownership. As of the latest update, the live Sui price is $1.18, accompanied by a 24-hour trading volume of $870 million, reflecting a 17.7% increase in the last 24 hours.
The recent developments coincide with a press release dated Jan. 11, where it was announced that Sui, in partnership with Karrier One, would be integrating advanced telecom services with the functionalities of web3 technology. Sui has since reported a significant increase in TVL to its official X account.
Subsequently, FTX Token (FTT) emerged as the second spot on the charts, falling one place since an earlier report. The now 15.6% upswing coincided with reports that numerous clients of FTX had petitioned a U.S. bankruptcy judge, seeking intervention to prevent the defunct cryptocurrency exchange from utilizing 2022 prices to assess the valuation of their cryptocurrency deposits. At the time of writing, the token was sitting at $3.08.
Taking the third spot on the leaderboard is Blur (BLUR), the governance token for the Blur NFT marketplace and aggregator platform. With a live price of $0.642967 USD and a 24-hour trading volume of $447 million, Blur is said to have experienced a 13.5% increase in the last 24 hours.
The recent surge in altcoins, rather than Bitcoin, following Gary Gensler’s approval signals a notable trend in the market, with many believing it to be the start of “altseason.”