On December 9, according to SoSoValue data, the encryption market experienced a correction, with most sectors falling by approximately 1.5% to 3% in 24 hours. The CeFi, Layer1, AI, and PayFi sectors, which were relatively strong the previous week, saw larger declines of around 3%. Notably, BinanceCoin (BNB) within the CeFi sector dropped 3.61%, while Cronos (CRO) fell 3.33%.
In the Layer1 sector, Solana (SOL) experienced a 3.83% decline, and Cardano (ADA) dropped 3.5%. The AI sector declined by 2.47%, with Render (RENDER) dropping approximately 4.45%. However, the DeFi and NFT sectors remained relatively strong. The DeFi sector had a 24-hour increase of 0.63%, with Chainlink (LINK) and Uniswap (UNI) performing well.
The NFT sector also saw gains, with MuseDAO (MUSE) and ECOMI (OMI) rising by 35.53% and 28% respectively in 24 hours.
Source
<p>The post Crypto Market Correction: CeFi, Layer1, AI, PayFi Sectors Decline first appeared on CoinBuzzFeed.</p>
