Bitcoin Leads the Crypto Rally: UNI, PYTH and RAY on the Rise!
VIRTUAL Gained 71.29% in 7 Days with Artificial Intelligence Coins
Raydium (RAY) Tops DEX Fees: $200M Monthly Earnings; Interest in Pyth Network (PYTH) Oracles Grows
November was marked by Bitcoin reaching a new all-time high. Other altcoins like Solana and SUI followed suit. Although the altcoin season has not yet begun, BTC still remains the leader of the market. However, projects like Virtual Protocol (VIRTUAL), Pyth Network (PYTH), and Raydium (RAY) are drawing attention with impressive growth.
Virtual Protocol (VIRTUAL)
VIRTUAL, which has recently experienced a significant price increase, has increased by 71.29% in the last seven days thanks to the AI-focused coin narratives. This increase has made VIRTUAL one of the most notable among AI projects. VIRTUAL has gained strong momentum during this period when interest in AI-based blockchain projects has increased by exceeding the market value of $ 1 billion. The coin, which increased by 161.75% last month, experienced a rapid rise under the influence of the AI coin narrative. This momentum shows that VIRTUAL still has great upside potential.
VIRTUAL currently ranks fifth among AI projects in terms of market value, behind projects like RENDER, TAO, FET, and WLD, and has managed to overtake AKT.
Pyth Network (PYTH)$PYTH
Pyth Network’s native token, PYTH, has surged by 27.14% over the past 30 days, reflecting the growing interest in blockchain oracles. Having reached an all-time high of $1.15 on March 16, 2024, PYTH is currently trading 60% below that level. However, the network’s Total Value Locked (TVL) has increased from $408 million to $520 million in the past month, indicating growth. Still, it remains well short of the record $1.37 billion reached in March.
If PYTH continues its current momentum, it could break out of the $0.49 resistance level and test $0.55 or perhaps $0.60. The oracle sector could gain positive momentum amid the altcoin season.
Raydium (RAY)$RAY
Raydium (RAY) stands out as one of the world’s largest decentralized cryptocurrency exchanges, surpassing platforms like Uniswap and PancakeSwap in transaction fees. Over the last 30 days, Raydium has collected over $200 million in transaction fees, ranking second only to Tether, ahead of giants like Jito, Solana, Ethereum, Circle, and Uniswap. With the increasing popularity of meme coins, Raydium could continue its growth trend.
RAY, which has gained 61.40% in the past month, remains 67.87% below its all-time high for 2021. However, given its rapid growth and increasing market dominance, RAY’s performance could signal a stronger rally at the start of the altcoin season.