[Coin Theme Ranking] Only 2 out of 23 themes slightly increased… Interoperability, data infrastructure, etc. largely weakened

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As of 5:06 PM on June 12th, according to Upbit Data Lab, out of 23 altcoin sectors, only 2 were showing an upward trend, while 21 sectors shifted to a downward trend, indicating an overall weak market movement. The sector with the highest increase was Taiko (+0.47%), with its representative token TAIKO also rising at the same rate. Following this, the Soon (+0.01%) sector showed a limited upward movement, with its key token SOON recording the same increase rate. In contrast, the most prominent decline was in the Interoperability/Bridge sector (–4.91%), with Axelar (AXL, –8.36%), Layer Zero (ZRO, –3.46%), and Zeta Chain (ZETA, –3.21%) experiencing significant adjustments. Other top declining sectors included Data Infrastructure (–3.67%), Wallet/Messaging (–3.36%), Metaverse (–3.30%), and Oracle (–3.25%). In the Data Infrastructure sector, The Graph (GRT, –4.44%), Kaito (KAITO, –3.65%), and Arkham (ARKM, –2.91%) led the decline. The Wallet/Messaging sector saw key tokens like Mask Network (MASK, –4.63%), Status Network Token (SNT, –3.89%), and Safe (SAFE, –2.58%) also falling. The Metaverse theme saw Decentraland (MANA, –3.73%), Sandbox (SAND, –3.25%), and Moca Network (MOCA, –2.13%) declining in unison. In the Oracle sector, API3 (–5.58%), Pyth Network (PYTH, –3.78%), and Chainlink (LINK, –3.21%) drove the downward trend. The large Infrastructure sector led the market decline by shifting to a downward trend, while the DeFi sector showed an overall flat or weak movement. The Smart Contract Platform sector displayed mixed performance with limited movement. The overall market continues to show expanded volatility and weakness, with only a few sectors rising and many sectors recording drops of over 3%.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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