Crypto Market Rises Led by Ethereum Ecosystem and LRTFi Sector

Analysis

November 28, 2024 1:25 PM

In Brief:
Ethereum ecosystem leads gains, with ETH up 7.01% in 24 hours.
LRTFi sector outpaces others, rising 7.5%, with top performers gaining over 12%.

The cryptocurrency market experienced broad gains over the past 24 hours, with the Ethereum ecosystem showcasing exceptional performance. ETH rose 7.01%, significantly outperforming Bitcoin’s 2.63% increase. Other top assets like Solana (SOL) rose 3.05%.

LRTFi Sector Leads the Charge

The LRTFi sector emerged as the day’s top performer, climbing 7.5%. Key contributors include:

  • Eigenlayer (EIGEN): +12.29%
  • Ether.fi (ETHFI): +12.18%
  • Renzo (REZ): +9.77%
  • BounceBit (BB): +8.26%
  • Pendle (PENDLE): +6.42%

Other Notable Sector Rebounds

  • PayFi Sector: +6.79%
  • DeFi Sector: +6.12%
  • AI Sector: +5.44%

These sector-wide gains reflect improving market sentiment, driven by strong activity across decentralized finance, payments, and blockchain infrastructure.

Disclaimer: Backdoor provides informational content only, it is not offered or intended to be used as legal, tax, investment, financial, or other advice. Investments in digital assets involve risk, and past performance does not guarantee future results. We recommend conducting your own research before making any investment decisions.