Crypto Market Rises Broadly, Meme Sector Up Nearly 4%, AI Sector Down Over 6%

Odaily — October 28, according to SoSoValue data, crypto market sectors rose broadly, with the Meme sector standing out with a 24-hour gain of 3.78%. Within the sector, Pons (PONS) rose 16.90% and MemeCore (M) rose 13.49%. Meanwhile, the NFT sector rose 3.32%, with Pudgy Penguins (PENGU) up 4.10% and Audiera (BEAT) up 18.47%.

Among other sectors, PayFi rose 2.35% over 24 hours, with Zcash (ZEC) up 5.88%; DeFi rose 2.34%, with Hyperliquid (HYPE) up 4.88%; Layer1 rose 1.30%, with NEAR Protocol (NEAR) up 4.63%; Layer2 rose 0.61%, with Polygon(ex-MATIC) (POL) up 2.01%; and CeFi rose 0.36%, with Cronos (CRO) up 1.52%.

In addition, the AI sector fell 6.69%, with Akedo (AKE) down 24.81% and Quack AI (Q), which surged yesterday, down 72.33%.

Crypto sector indices reflecting historical sector performance show that the ssiMeme, ssiNFT, and ssiDeFi indices rose 3.04%, 2.77%, and 2.64%, respectively.