3 Altcoins Trending in Nigeria on The Fourth Week Of July
The post 3 Altcoins Trending in Nigeria on The Fourth Week Of July appeared on BitcoinEthereumNews.com. This past week saw significant volatility in the cryptocurrency market, with many altcoins rising while others experienced declines amid decreasing investor demand. According to Ayotunde Alabi, CEO of Luno Nigeria, Ethereum (ETH) continued its upward momentum even as Bitcoin stalled, delivering solid gains across both short- and long-term timeframes. Several other altcoins followed ETH’s lead, posting notable gains. Hence, BeInCrypto has analyzed three trending altcoins that made waves in Nigeria this week that investors should watch. Ethereum (ETH) Ethereum has managed to navigate recent market volatility with significant support from investors. As companies increasingly mirror Bitcoin’s corporate treasury use case, Ethereum is gaining traction. BeInCrypto spoke with Alabi, who emphasized that the growing momentum behind Ethereum reflects broader interest in its adoption and market potential. “Nasdaq-listed Bit Digital has fully shifted its treasury strategy to Ethereum, selling its Bitcoin holdings and using $172 million in raised funds to acquire over 100,000 ETH. CEO Sam Tabar says the company sees Ethereum’s programmable design, expanding adoption, and staking yield model as catalysts for redefining the financial system,” Alabi stated. Ethereum’s price surged 20.51% over the past week, reaching $3,544 and marking a 6-month high. The rally strengthened after ETH formed a Golden Cross last week. With this bullish momentum, Ethereum is now targeting $4,000 in the coming days, benefiting from investor confidence and growing institutional interest. ETH Price Analysis. Source: TradingView However, if Ethereum’s bullish momentum weakens and investors opt to sell, the price could decline to $3,131. This would erase recent gains and invalidate the current bullish outlook. A XRP (XRP) XRP has shown impressive performance this week, with a 24.5% rise and a new all-time high (ATH) at $3.66. The altcoin’s surge made it the third-most traded cryptocurrency on Luno in Nigeria. This rally signals growing interest in XRP, particularly in…
The post 3 Altcoins Trending in Nigeria on The Fourth Week Of July appeared on BitcoinEthereumNews.com.
This past week saw significant volatility in the cryptocurrency market, with many altcoins rising while others experienced declines amid decreasing investor demand. According to Ayotunde Alabi, CEO of Luno Nigeria, Ethereum (ETH) continued its upward momentum even as Bitcoin stalled, delivering solid gains across both short- and long-term timeframes. Several other altcoins followed ETH’s lead, posting notable gains. Hence, BeInCrypto has analyzed three trending altcoins that made waves in Nigeria this week that investors should watch. Ethereum (ETH) Ethereum has managed to navigate recent market volatility with significant support from investors. As companies increasingly mirror Bitcoin’s corporate treasury use case, Ethereum is gaining traction. BeInCrypto spoke with Alabi, who emphasized that the growing momentum behind Ethereum reflects broader interest in its adoption and market potential. “Nasdaq-listed Bit Digital has fully shifted its treasury strategy to Ethereum, selling its Bitcoin holdings and using $172 million in raised funds to acquire over 100,000 ETH. CEO Sam Tabar says the company sees Ethereum’s programmable design, expanding adoption, and staking yield model as catalysts for redefining the financial system,” Alabi stated. Ethereum’s price surged 20.51% over the past week, reaching $3,544 and marking a 6-month high. The rally strengthened after ETH formed a Golden Cross last week. With this bullish momentum, Ethereum is now targeting $4,000 in the coming days, benefiting from investor confidence and growing institutional interest. ETH Price Analysis. Source: TradingView However, if Ethereum’s bullish momentum weakens and investors opt to sell, the price could decline to $3,131. This would erase recent gains and invalidate the current bullish outlook. A XRP (XRP) XRP has shown impressive performance this week, with a 24.5% rise and a new all-time high (ATH) at $3.66. The altcoin’s surge made it the third-most traded cryptocurrency on Luno in Nigeria. This rally signals growing interest in XRP, particularly in…
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