(Wednesday 14 August 2024, 06:25 AM GMT):
The crypto market is seeing a renewed bullish trend, with Bitcoin (BTC) crossing the $61,000 mark amid rising speculation of a potential Federal Reserve rate cut. Major coins like Chainlink (LINK), MakerDAO (DAO), and Uniswap (UNI) are also showing positive momentum, riding the wave of optimism sweeping across the market.
In the midst of this, three top altcoins—Pepe (PEPE),Toncoin (TON), and Ethena (ENA)—have drawn considerable attention due to significant inflows from investors. This surge in capital indicates growing confidence in these projects as they gain traction in the market.
Based on data from Nansen, here’s how these altcoins have inflows over the past 24 hours:
1. Pepe (PEPE):
- Inflow: $36,562
- Current Price: $0.00000822
- 24-Hour Change: +2.33%
2. Toncoin (TON):
- Inflow: $88,241
- Current Price: $6.69
- 24-Hour Change: +6.36%
3. Ethena (ENA):
- Inflow: $111,826
- Current Price: $0.3393
- 24-Hour Change: +7.77%
Ethena (ENA) has made a particularly strong surge, with its price jumping 7.77% following an inflow of $111,826.
These inflows highlight the increasing interest from sophisticated investors in these projects. Ethena, Toncoin, and Pepe are clearly benefiting from this renewed focus, and as Bitcoin continues to trade above $61,000, it will be interesting to see how these altcoins perform in the coming days.
Disclaimer:
The information provided in this article is for general informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making any investment decisions.