Altcoins
4 Altcoins Reigning Slow Market Week With 10X Gains
The global cryptocurrency market is going through turbulent times, which has impacted both Bitcoin and the main altcoins. However, amid 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 stood out with their impressive performances, going against the overall bearish trend of the market. Let’s look at the specifics of these four coins and analyze how they achieved significant profits.
1.Pendle (PENDLE)
Pendle was an outstanding artist, witnessing a significant increase in his value. Over the past week, the price of the token has increased by 17.88% to reach $6.13 today. This impressive growth was supported by a market capitalization of $949.14 million and a trading volume of $68.3 million, over the course of 24 hours.
Have 11,093,920 PENDULUM Out of a total supply of 154,895,720, Pendle has shown strength in a tough market.
Pendle’s latest success is due to its novelty DeFi strategy, allowing users to trade tokenized future returns. Investors looking for new opportunities in the DeFi sector have been attracted by this distinctive value proposition.
2.Ethereum Name Service (ENS)
ENS price increased by 12.73% to trade at $25.43 today, making it a successful week for the token, among other altcoins. The project, which makes Ethereum addresses easier to use by allowing users to register readable names, has a market capitalization of $803.54 million and trading volume of $118.8 million in the past 24 hours.
The total supply of ENS tokens is 31,594,457, of which 4,664,210 are currently in circulation.
The growing use of decentralized domains and the recognition of their usefulness in the Ethereum ecosystem have fueled the demand for ENS. ENS’s ability to offer a seamless experience when interacting with blockchain addresses is still attracting new users and investors.
3.Turbo (TURBO)
This week, Turbo recorded significant growth, with its price rising by 26.97% to reach $0.005852. The memecoin market capitalization is $372.64 million, accompanied by a significant trading volume of $92.64 million over the past 24 hours.
They are 15,714,820,293 TURBO tokens in circulation out of a total supply of 63,674,701,174.
Described as a meme-based cryptocurrency created by artificial intelligence (AI) for people, TURBO began as a bold venture in the development of digital currencies. Motivated by the potential of artificial intelligence, the meme coin has evolved into a community-driven, decentralized crypto journey.
4.BEFE (BEFE)
BEFE also appears in the list of best-performing altcoins of the week, with a 21.30% increase in its price over the past week, currently trading at $0.0002444. BEFE may have a modest market capitalization of $22.78 million, but it still attracted interest with 24-hour trading volume of $5.19 million.
There are 20,701,938,180 BEFE tokens in circulation out of a total supply of 93,201,825,078 tokens.
BEFE is a new meme coin that aims to bring back the glory days of meme coins. It has no pre-sale and zero taxes, making it a currency for the people. By betting on BRISE, you can earn BEFE and be guided to greatness by its powerful memes. BEFE claims it is ready to dethrone coins like PEPE, Doggy, Shib, Floki and Doge Inu as the ultimate meme king.
Conclusion
While the overall cryptocurrency market is slow, Pendle, Ethereum Name Service, Turbo, and BEFE have proven that opportunities for big profits still exist. These altcoins have resisted the market’s downtrend by offering unique value propositions, having solid community support, and constantly introducing new ideas. As the market evolves, it will be interesting to watch the progress of these projects and determine whether they can sustain their momentum despite continued headwinds. They currently serve as proof of the resilience and possibilities of the altcoin market.