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Osmosis (OSMO) and SATS (1000SATS) have been dominating the crypto enviornment as distinguished crypto property prolonged declines. OSMO and 1000SATS recorded new 52-week highs on Tuesday, December 26, 2023. However, some traders appear to be on the lookout for potential causes that may have triggered the current rally in these crypto costs.

What Induced OSMO And SATS Price Rally?

Osmosis, the community behind OSMO, registered a profitable merger with Umee, a Cosmos community holding over $17 million in property. This merger considerably boosted the OSMO value rally. The token skilled a powerful 614% rise from its all-time low recorded in October 2023, aligning with the merger’s strategic plans.

On the opposite hand, SATS is grabbing the eyeballs of crypto traders regardless of ongoing considerations about potential scams and different points. It has been listed on varied exchanges not too long ago, which signifies a rising curiosity within the crypto house.

Also Read: Binance Adds BONK & 1000SATS Among Others To New Trading Services, Reversal Ahead?

OSMO And SATS Price Rally

OSMO registered a contemporary 52-week excessive of $1.68 on Tuesday. Furthermore, the OSMO price surged by 6.45%, buying and selling at $1.64 at press time. The OSMO market cap ascended by 6.42% to $809.17 million.

Moreover, the 24-hour commerce quantity noticed an unprecedented spike because it skyrocketed by a whopping 287.01% to $161.55 million. Earlier this yr, the crypto reached an all-time low of $0.2239 in October, recovering over 600% in worth since. Moreover, prior to now 30 days, OSMO’s worth has elevated by over 144%.

SATS emerged as one of many high gainers within the crypto market as we speak. The SATS value gained as a lot as 22.60% in worth because it traded at $0.0008402 on the time of reporting. Furthermore, the spectacular 1-month returns stand at 34%. In addition, the crypto recorded a brand new 52-week excessive of 0.0009348.

As of writing, the SATS’ market cap stood at $1.7 billion, indicating a 22.79% improve. Whilst, the 24-hour commerce quantity depicted an enormous hike in SATS demand out there. The 24-hour quantity soared by a large 330.26% to $504.92 million.

The current surge in SATS value is commendable contemplating it recorded its all-time low of $0.0004488 simply two weeks in the past on December 12, 2023. Since then, it has managed to achieve over 872% from its lowest low.

Also Read: Crypto Price Prediction For December 16: XRP, OSMO, ICP

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