The cryptocurrency market is currently experimenting a significant rally, with several digital assets showing notable increases in their 24-hour trading performance.
The cryptocurrency market is currently experimenting a significant rally, with several digital assets showing notable increases in their 24-hour trading performance.
This trend is led by Filecoin (FIL) and Bitcoin SV (BSV), a fork of Bitcoin, but extends to a variety of other cryptocurrencies.
The best performing cryptocurrencies
In the last 24 hours, FIL has seen a 12% increase, topping the list of best-performing cryptocurrencies in the top 100. It is followed by BSV, which has seen a 9.6% price increase in the last 24 hours.
Other cryptocurrencies have also seen notable rallies: Tokenize Xchange (TKX) is up 8.4%, while WEMIX is up 7.3%. The Chart (GRT) draws attention with a rise of 7.1%.
Maker (MKR) and Fantom (FTM) are also part of this uptrend and each add about 5%.
Furthermore, Tezos (XTZ) and Kava (KAVA) recorded increases of 4.5% and 3.7%, respectively.
South Korea’s influence on the rise of BSV
Echoing last week’s trends, South Korean traders are once again behind the BSV rally.
This repeated pattern of influence is primarily concentrated on Upbit, South Korea’s largest cryptocurrency exchange. Bithumb, another major local exchange, is also in the top 3 according to trading volume. Notably, these two exchanges account for almost 70% of the total cryptocurrency trading volume in the last 24 hours.
Despite this increase, it is essential to note that Bitcoin SV is still 78.51% below its all-time high.