Crypto Sector Sees Broad Rebound, GameFi Leads with Over 5% Gain

Odaily News on April 16th, according to SoSoValue data, expectations of a US-Iran ceasefire have boosted market confidence, leading to a broad rebound in the crypto market. The GameFi sector performed notably well, rising 5.38% in the past 24 hours. Among them, Enjin Coin (ENJ) surged by 50.96%, and ImmutableX (IMX) increased by 9.13%. Meanwhile, Bitcoin (BTC) rose by 0.07%, trading in a narrow range around $74,000; Ethereum (ETH) gained 0.73%, maintaining its position above $2,300.

In other sectors, the Layer2 sector rose 3.39% in 24 hours, with Starknet (STRK) up 8.36%; the PayFi sector increased by 2.31%, with XRP (XRP) up 2.87%; the Meme sector gained 2.08%, with SPX6900 (SPX) rising 6.63%; the AI sector advanced 1.75%, with Siren (SIREN) up 18.99%; the DeFi sector rose 1.35%, with EdgeX (EDGE) increasing 13.05%; the Layer1 sector gained 0.88%, with Algorand (ALGO) up 3.59%; the CeFi sector increased by 0.66%, with Gate (GT) rising 2.60%.

The crypto sector indices reflecting historical sector performance show that the ssiGameFi, ssiLayer2, and ssiPayFi indices rose by 3.13%, 2.86%, and 2.44%, respectively.