AGI led the trending cryptocurrencies in the last 24 hours, surprisingly followed by $USDT, $BTC, $USDC, $SOL, and $TAO.
The most popular cryptocurrencies in the crypto sector and the reasons why are listed below:
Delysium: AGI is trending thanks to NVIDIA CEO Jensen Huang’s striking statements about artificial general intelligence.
$USDT: Trending due to Tether’s announcement that it has contracted with one of the Big Four accounting firms for the first fully independent audit of its $USDT reserves (reported at approximately $180-192 billion).
Bitcoin: $BTC is trending due to massive institutional accumulation. The institutional accumulation process continues to dominate the headlines, particularly with spot ETF inflows spearheaded by giants like BlackRock and Fidelity.
$USDC: Reports indicate Circle has frozen $USDC balances in 16 hot wallets in connection with a US legal case, and regulatory discussions surrounding $USDC’s decentralization are trending.
Solana: $SOL is trending due to the launch of the Solana Developer Platform (SDP) by the Solana Foundation.
Bittensor: $TAO is trending due to Grayscale’s spot ETF application and the halving process on the network. Investors are showing interest in $TAO.
*This is not investment advice.