CRV hits 6-month high, DOT breaks out, Sonic launches Gemini-powered platform
Main Idea
CRV and DOT cryptocurrencies surge to multi-month highs, while Sonic launches an AI-powered platform for Web3 app development, as the global crypto market cap reaches $4 trillion.
Key Points
1. CRV surged over 25% to $0.9909, breaking key resistance, with potential to reach $1.50, supported by bullish technical indicators.
2. DOT broke a year-long resistance at $4.20, rallying due to community excitement over Gavin Wood's Proof-of-Personhood proposal and reduced staking costs.
3. Sonic launched Spark, an AI-powered platform enabling no-code Web3 app development, boosting its native coin $S by 6%.
4. The global cryptocurrency market cap soared to $4 trillion, with top altcoins like Ethereum, XRP, and BNB gaining up to 12%.
5. CRV's trading volume surged 100% to $847, indicating increased trader interest, though RSI suggests potential short-term overbought conditions.
Description
Digital tokens performed well on Thursday as the global cryptocurrency market cap soared to the $4 trillion mark. Top altcoins Ethereum, XRP, and BNB gained up to 12% in the previous 24 hours, while Bitcoin remained steady above $118,000. While most altcoins displayed remarkable performances, Curve Finance (CRV), Polkadot (DOT), and Sonic ($S) dominated trends
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