SEI leads the top crypto gainers with 23% jump

According to CoinMarketCap, SEI is leading the Jan. 2 charts with 23.7% price gains alongside a market capitalization increase across the market of 5.5%. 

Sei (SEI) holds the first spot on the Jan. 2 leaderboard at $0.7586, with a 24-hour trading volume of $1,258,789,290. Over the past day, this represents a 23.7% increase in value for the sector-specific Layer 1 blockchain, designed exclusively for trading to offer exchanges a “competitive edge.” 

Alongside the double-digit price gains came an announcement from the project’s co-founder, Jayendra Jog, who revealed that Sei v2 had achieved functional code completion and initiated the auditing process with Osec and Zellic.

Following SEI is Astar (ASTR), a project that aids developers in constructing decentralized applications (dapps) and Layer 2 solutions by offering interoperable web 3.0 infrastructure, financial incentives, and incubation programs. At the time of writing, ASTR was sitting at $0.1615, an 18.3% increase in the last 24 hours. Although the specific driver behind the recent surge in activity remains unclear, the project has recently introduced a new fund to assist victims of the recent earthquake in Japan.

This philanthropic endeavor could contribute to increased attention and positive sentiments.

Coming in with bronze-level gains is the Ordi (ORDI), the inscription protocol on satoshis, the smallest unit of Bitcoin (BTC). The current ORDI price is $87.74, reflecting a 15.3% surge in the last day. This coincides with Bitcoin developer Udi Wertheimer advocating for adopting Bitcoin Ordinals despite facing widespread industry criticism. In a post on X, Wertheimer acknowledged the resistance to the concept but expressed support for its adoption, countering those aiming to eliminate Bitcoin Ordinals.

Taken together, this represents another good day for altcoins.