The altcoin market is showing signs of recovery with differentiated trends across sectors. Out of a total of 24 themes, 15 are showing an upward trend, forming a gradual rebound.
According to Upbit Data Lab as of 5:06 PM on June 28th, 15 out of 24 sectors rose while 9 declined. The main rising sectors were Interoperability/Bridge (+5.51%), Liquidity Staking/Restaking (+5.01%), DEX/Aggregator (+2.27%), Stablecoin-related Assets (+1.40%), Monolithic Blockchain (+1.39%), Meme (+1.18%), and others.
The sector with the highest rise was Interoperability/Bridge (+5.51%), showing strength centered on Axelar (AXL, +15.41%) and Wormhole (W, +9.09%). Liquidity Staking/Restaking (+5.01%) also expanded its gains, driven by JTO (+9.86%), KERNEL (+5.55%), and others.
The DEX/Aggregator sector rose by +2.27%, with CRV (+17.86%) and Jupiter (JUP, +5.54%) showing solid performance. In the Stablecoin-related Assets sector, Sky Protocol (SKY, +1.60%) and JST (+0.34%) rose, while the Monolithic Blockchain sector was led by SOL (+3.04%), ICX (+1.21%), and others.
In the Meme sector, PENGU (+7.64%) and BONK (+2.17%) contributed to a positive upward trend.
Sectors with notable declines included Lending (–1.47%), Storage (–1.07%), and Medical (–0.70%). The Lending sector was led lower by Aave (–1.60%) and STRIKE (–1.46%), while the Storage theme saw weakness from LPT (–6.48%) and WAL (–2.10%).
The Medical sector experienced adjustments with HP (–1.01%) and MED (–0.46%).
In major themes, infrastructure sectors like Interoperability/Bridge and Monolithic Blockchain generally showed an upward trend, while DeFi-related sectors (Liquidity Staking/Restaking, DEX, etc.) maintained a strong market-leading trend. Smart Contract Platform categories showed mixed performance with varied ups and downs.
Overall, with rising themes outpacing the decline of falling themes, the market sentiment is showing a gradual improvement amid volatility. The altcoin market is experiencing selective buying centered on some strong sectors while recovering.
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