Bittime - Some of the top cryptocurrencies that are attracting attention in the next few days are Nervos Network ($CKB) and Pendle ($PENDLE). Both coins managed to break through various resistance levels, indicating potential price increases.
Although some crypto assets experienced price increases, the overall crypto market experienced a slight decline.
The global crypto market capitalization fell by more than $111 billion in the past week, bringing its value to $2.55 trillion today.
CKB Breaks Top in 28 Months, Can It Maintain Positive Trend?
Nervos Network (CKB) made a brilliant achievement by reaching its highest level in the last 28 months. This increase occurred amidst a positive trend in the broader crypto market between October 2023 and March 2024.
Even though Nervos Network is experiencing profits, it has not been able to exceed the highest level achieved in 2021.
Recently, the crypto market experienced a slowdown, but CKB showed resistance by trying to reclaim the previous peak.
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Had decreased in early April 2024
On April 1 and 2, CKB experienced bearish pressure which resulted in a significant decline of 19.13%. This decline took CKB to a two-week low of $0.0164.
Nervos Network Performance
The Nervos network showed an impressive recovery after experiencing a decline in the previous days.
On April 6, the CKB token experienced a 32% intraday increase, making it the largest daily increase in over a month. Currently, CKB is up 4.43% and trading at $0.0261.
Also read: XRP Price Prediction: Will XRP Experience a Sharp Rise in the Near Future?
$CKB Price Increase in the Last 1 Year
Earlier today, CKB hit a 28-month high of $0.0268, signaling the asset's attempt to break its November 2021 high of $0.03567.
Overall, Nervos Network has seen a 314% increase in the past year, with a 28% jump in April alone.
$CKB Top Performer
CKB's incredible performance made it one of the best performing cryptocurrencies on a weekly timeframe, with a 39% gain. This shows the great potential of Nervos Network and attracts the attention of investors in the cryptocurrency market.
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Pendle ($PENDLE) Hits New ATH
$PENDLE was one of the best performing assets this week, capitalizing on the brief recovery momentum in the crypto market to reach a record high.
Previously, the asset experienced three consecutive days of intraday declines from April 1 to 3, dropping as much as 12% to a low of $4.64.
However, on April 4, as Bitcoin (BTC) and other markets started to recover, PENDLE managed to capitalize on this uptrend to record significant profits.
Also read: The Role of Real World Assets (RWA) in Crypto: Bridging the Real and Digital Worlds
Positive Impact of $PENDLE Price Increase
The announcement of two new LRTs on Arbitrum on April 4, 2024 had a positive impact on the price of the Pendle token (PENDLE).
This price increase was significant, with Pendle closing April 4 up 28.56%, making it the biggest intraday gain of the year.
ATH on April 6, 2024
Pendle is now entering a price discovery phase, similar to Bitcoin. This is characterized by a new ATH (All-Time High) reached amidst the current uptrend. The most recent ATH was reached on April 6, with the token price reaching $7.21.
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Pendle Price in the Last 7 Days
In the last week, the value of these assets has increased significantly, namely by 19%. Currently, the asset has a market capitalization of $636 million. When compared with the beginning of this year, the value of these assets has increased rapidly, namely by 455%.
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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