Top 3 Altcoins Trending in Nigeria in the Second Week of September
This week has seen an uptick in buying and selling exercise throughout the digital asset market, with the international crypto market capitalization climbing 3% over the previous seven days.
The momentum has spilled over into native markets, the place a number of tokens have captured consideration amongst Nigerian merchants. On-chain knowledge from the previous 24 hours exhibits Portal To Bitcoin (PTB), CREPE, and PEPE as the three cryptocurrencies drawing the most visibility from that area.
Portal To Bitcoin (PTB)
Portal To Bitcoin launched its mainnet on September 3, and the worth of its native token PTB has since rocketed. Trading at $0.0534 at press time, the altcoin is up almost 25% in the previous seven days alone.
PTB has logged 27% intraday positive aspects amid at this time’s broader market rally. However, the altcoin seems poised for a pullback as its plummeting day by day buying and selling quantity indicators an uptick in profit-taking. This at present totals $122 million, falling by 32% in the previous 24 hours.
When an asset’s value rises whereas buying and selling quantity falls, it signifies that the upward transfer is shedding momentum. Rising costs with thinning quantity recommend fewer patrons are keen to step in at greater ranges, leaving the rally weak to pullbacks.
For PTB, this divergence between value and quantity implies that the latest 27% intraday acquire could also be pushed by short-term hypothesis reasonably than sustained demand. If profit-taking continues to dominate, the token might wrestle to carry on to its positive aspects and face a possible pullback in the close to time period.
In this situation, its value (*3*) under $0.0476.
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On the different hand, if the bulls keep dominance and demand strengthens, it might push PTB up above $0.0550.
CREPE
BNB-chain-based CREPE is one other altcoin trending in Nigeria at this time. Trading at $0.00001011, the token has posted modest 3% positive aspects in the previous 24 hours.
Readings from its Elder-Ray Index point out that buy-side sentiment is robust. The Elder-Ray Index measures the stability between bullish and bearish stress by analyzing the distinction between an asset’s exponential transferring common (EMA) and the energy of bulls or bears in the market.
A constructive studying, corresponding to CREPE’s present 0.000002205, indicators that patrons are in management, suggesting near-term upward momentum. This means merchants are actively supporting it and pushing its value greater.
If shopping for exercise stays elevated, CREPE might try a break above the resistance degree of $0.00001167.
However, if profit-taking intensifies, the token dangers shedding its present positive aspects and will revisit $0.000005500.
PEPE
The frog-themed Solana-based meme coin PEPE is one other altcoin trending in Nigeria at this time. It at present trades at $0.00001060, holding above its 20-day exponential transferring common (EMA) on the day by day chart.
The 20-day EMA tracks an asset’s common closing value over the previous 20 buying and selling classes, with larger weight given to more moderen costs. When an asset trades above this indicator, it indicators that bullish momentum is unbroken and that the market pattern favors patrons.
If shopping for stress stays high, PEPE could breach resistance at $0.00001070 and probably soar towards the subsequent key degree at $0.00001269.
On the different hand, if demand weakens and profit-taking will increase, the token’s value might decline towards $0.00000830.
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