Cryptocurrency Market Update Today: All Sectors Decline, SocialFi and DeFi Shine

On December 23, the cryptocurrency market experienced an overall pullback, with most sectors seeing significant declines.

Among them, the AI sector and the Payment Finance (PayFi) sector fell by -4.38% and -4.45%, respectively.

However, the SocialFi and DeFi sectors showed resilience, with only minor pullbacks of -0.29% and -2.13%, demonstrating some resistance to declines.

Highlight Projects Rise Against the Trend

SocialFi Sector:

MovieBloc (MBL) 24H increase +12.27%.

Galxe (GAL) 24H increase +10.26%.

Both projects rose against the trend, showcasing strong momentum.

DeFi Sector: The established project Aave (AAVE) led the sector with a +4.02% increase, injecting confidence into the market.

Despite the overall market entering a correction period, certain sectors and projects still exhibit strong resistance to declines and potential for growth.

Investors, while focusing on the SocialFi and DeFi sectors, should combine market trends and reasonably apply stop-loss and take-profit strategies to seek stable growth opportunities amid volatility.