Altcoins Trade Sideways as RWA Sector Rises 2.12%
Summary
- The cryptocurrency market remained range-bound, while the real-world asset (RWA) sector showed relative strength.
- The RWA sector rose 2.12%% over the past 24 hours, with Centrifuge (CFG), Plume (PLUME) and Ondo Finance (ONDO) posting notable gains.
- The DeFi, Layer 1, Layer 2 and meme coin sectors also advanced, while individual tokens including Hyperliquid (HYPE) and Near Protocol (NEAR) posted strong gains.
Forecast Trend Report by Period
The broader cryptocurrency market remained range-bound, with the real-world asset, or RWA, sector showing relative strength.
Data from on-chain analytics platform SoSoValue on May 22 showed Bitcoin (BTC) fell 0.38% from a day earlier and has traded near $78,000 for the past several days. Ether (ETH) also slipped 0.41% and was fluctuating above $2,100.
The RWA sector climbed 2.12% over the past 24 hours. Centrifuge (CFG) rose 6.98%, Plume (PLUME) jumped 16.85%, and Ondo Finance (ONDO) gained 3.24%.
The Layer 2 sector advanced 0.76%, with Celestia (TIA) up 4.45%. The DeFi sector added 0.71%, while Hyperliquid (HYPE) rose 2.07% and topped $62 during the session to hit a record high.
The Layer 1 sector also gained 0.71%, led by Near Protocol (NEAR), which surged 17.83%. The centralized finance, or CeFi, sector rose 0.65%, while FTX Token (FTT) added 1.16%.
The meme coin sector gained 0.42%, with SPX6900 (SPX) up 2.86%. By contrast, the PayFi sector fell 0.88%, though Safe (SAFE) climbed 11.85%.
