- CoinGecko data confirmed that only the stablecoin sector was green while all others were red.
- Stablecoin valuation grew 0.4% in the past day and stands at $222 billion at press time.
- Meme coins and RWA tokens could skyrocket first, once the market resumes its uptrend.
Stablecoins are the only digital assets that were found holding to their value while the broader market collapsed in the past 24 hours with Bitcoin plunging to a daily low of $91,000. Market participants have now begun scanning for sectors that could rally first once this crypto sell-off ends.
According to CoinGecko data, stablecoin is a valuable sector with a massive market cap of $222 billion followed by exchange-based tokens led by BNB with a valuation of $126 billion and decentralized finance (DeFi) at $106 billion. Stablecoins were green in the past day while all the other industries remained red.
Stablecoins is currently the only green category among the top categories on CoinGecko.
Which category do you think will be the first to surpass it?
pic.twitter.com/AdFIuvwgvQ
— CoinGecko (@coingecko) February 3, 2025
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