Altcoin Market Stays Rangebound as RWA Sector Rises 2.12%
Summary
- The cryptocurrency market showed limited price movement, while the real-world asset (RWA) sector outperformed.
- The RWA sector rose 2.12%% over the past 24 hours, with Centrifuge (CFG), Plume (PLUME) and Ondo Finance (ONDO) posting notable gains.
- Major sectors including Layer 1, Layer 2, DeFi and meme coins were broadly higher, while Near Protocol (NEAR) and Hyperliquid (HYPE) led the gains.
Forecast Trend Report by Period
The cryptocurrency market remained largely rangebound, with the real-world asset, or RWA, sector showing relative strength.
On-chain data platform SoSoValue said on May 22 that Bitcoin (BTC) fell 0.38% from a day earlier and has traded sideways near $78,000 for several days. Ethereum (ETH) also slipped 0.41% and was fluctuating above $2,100.
The RWA sector rose 2.12% over the past 24 hours. Centrifuge (CFG) gained 6.98%, Plume (PLUME) climbed 16.85%, and Ondo Finance (ONDO) advanced 3.24%.
The Layer 2 sector added 0.76%, with Celestia (TIA) up 4.45%. The DeFi sector rose 0.71%, while Hyperliquid (HYPE) gained 2.07% and topped $62 during intraday trading to hit a record high.
The Layer 1 sector also rose 0.71%, led by a 17.83% jump in Near Protocol (NEAR). The centralized finance, or CeFi, sector gained 0.65%, and FTX Token (FTT) rose 1.16%.
The meme coin sector added 0.42%, with SPX6900 (SPX) up 2.86%. By contrast, the PayFi sector fell 0.88%, although Safe (SAFE) rose 11.85%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
