4 Altcoins Reigning the Slow Market Week With 10X Gains
The post 4 Altcoins Reigning the Slow Market Week With 10X Gains appeared on BitcoinEthereumNews.com.
The global cryptocurrency market has been experiencing turbulent times, impacting both Bitcoin and leading altcoins. Nevertheless, in the midst of the overall market decline, some cryptocurrencies have stood out with significant growth, demonstrating the dynamic and sometimes unpredictable characteristics of the cryptocurrency industry. This week, Pendle (PENDLE), Ethereum Name Service (ENS), Turbo (TURBO), and BEFE have stood out for their impressive performance, going against the general bearish trend in the market. Let’s examine the specifics of these four coins and analyze how they have achieved significant profits. 1.Pendle (PENDLE) Pendle has been a standout performer, witnessing a significant increase in its value. In the last week, the token’s price has risen by 17.88% to reach $6.13 today. This impressive growth has been backed by a market capitalization of $949.14 million and a trading volume of $68.3 million, over the course of 24 hours. Having 11,093,920 PENDLE in circulation out of a total supply of 154,895,720, Pendle has shown strength in a difficult market. Pendle’s latest success is due to its new DeFi strategy, allowing users to exchange tokenized future yield. Investors seeking new opportunities in the DeFi sector have been drawn to this distinctive value proposition. 2.Ethereum Name Service (ENS) ENS price rose by 12.73% to trade today at $25.43, making it a successful week for the token, amongst other altcoins. The project, which makes Ethereum addresses easier to use by enabling users to register readable names, has a market cap of $803.54 million, and a trading volume of $118.8 million in the last 24 hours. The total supply of ENS tokens is 31,594,457, with 4,664,210 currently circulating. The increasing use of decentralized domains and recognition of its utility in the Ethereum ecosystem has fueled the demand for ENS. ENS’s knack for offering a seamless experience in engaging with blockchain…
Filed under: News - @ June 23, 2024 3:08 am