Sei, Bittensor, Wormhole, Sui, and Chainlink

• Sei and Wormhole see volume surges despite price drops, reflecting growing interest.
• Bittensor combines AI and blockchain, drawing significant attention with a strong market cap.
• Sui and Chainlink maintain high market caps with increasing trading volumes despite fluctuations.  

October has started well off for altcoins looking at; Sei (SEI), Bittensor (TAO), Wormhole (W), Sui (SUI), and Chainlink (LINK).

These projects drive innovation in decentralized trading, artificial intelligence, cross-chain technology, and smart contract functionality.  Their strong market performance reflects growing investor interest in projects with real-world utility.

Read also: Altcoin Rally: STX, SUI, TON, RUNE, POL, EGLD, VET Gain

Sei (SEI)  

Sei runs on an optimized blockchain for trading that focuses on speed and low transaction fees. It aims to provide optimized solutions for decentralized exchanges.

As of this writing, Sei is priced at $0.4338, with a 7.46% decline in the last 24 hours. It has a market cap of $1.53 billion and ranks 52nd in the global market, while its 24-hour trading volume is up 64.27% to $554.45 million. Despite the price decline, the increase in trading volume indicates rising interest in the platform.

Bittensor (TAO)  

Bittensor integrates artificial intelligence with blockchain technology. It creates a decentralized network where AI models can be built, shared, and monetized. The current price of Bittensor is $531.14, down 5.39% over the last day. Its market cap is $3.92 billion, ranking it 25th among cryptocurrencies. However, its 24-hour trading volume jumped 51.60% to $311.49 million, indicating continued activity in the Bittensor marketplace.

Wormhole (W)  

Wormhole is an infrastructure solution designed to facilitate communication between different blockchains.  It has shown strong performance recently, rising 25.05% to $0.3724. Its market capitalization is $960.03 million, making it the 70th largest cryptocurrency by market cap. Furthermore, its 24-hour trading volume has increased dramatically by 775.29% to $543.40 million, showing the growing demand for cross-chain solutions.

Sui (SUI)  

Sui is a layer 1 platform that aims to have high throughput, making it ideal for dApps and large DeFi projects. As of this writing, the price of Sui is $1.87 – a 0.68% increase in the last 24 hours. Its market capitalization is $5.18 billion, placing it 20th overall. The daily trading volume also increased by 68.16% to $1.54 billion, showing its rising use in blockchain applications.

Chainlink (LINK)  

Chainlink, a decentralized oracle network, brings real-world data into the smart contract system. Currently, the Chainlink price is $10.92, with a 7.82% drop in the last 24 hours. It has a market capitalization of $6.85 billion and ranks 14th among cryptocurrencies. The 24-hour trading volume rose 75.04% to $444.13 million. This shows strong interest in Chainlink’s oracle services even as the token price falls.