Bittime - The crypto world is abuzz with new projects this week. Several newly launched tokens managed to record significant price increases. This price surge was largely driven by enthusiasm ahead of Bitcoin's next halving event. Additionally, many tokens are recovering after recent price corrections. The correction follows a market rally triggered by the launch of a crypto ETF (Exchange Traded Fund).
Check Today's Crypto Market:
Ethena (ENA): Soars High After Listing on Binance
Ethena (ENA) became the champion as the biggest gainer this week, after stealing the show with several price spikes.
Currently, ENA is trading at $1.20, reflecting a remarkable increase of 74.94% compared to its price seven days ago.
Interestingly, its market capitalization also reached $1.6 billion during the same period.
This price spike can be attributed to Ethena's recent listing on leading crypto exchange, Binance.
With higher accessibility through this listing, the Ethena community is even more enthusiastic about the token.
This excitement was further heightened by Binance's announcement on April 2 of the introduction of ENA to their Launchpool platform.
Check Market: Buying and Selling & Trading ENA/IDR
Core DAO (CORE): Surges Driven by Strategic Partnership
Core DAO (CORE) also joined the ranks of the week's top gainers, seeing a price spike ahead of a busy week for the project. Currently trading at $2.67, CORE has seen a 55.7% increase compared to its price last week.
During this period, its market capitalization reached $2.3 billion, with trading volume of $173 million.
The recent surge in CORE prices can be traced back to a strategic partnership between stc Bahrain and Core Chain.
This collaboration aims to encourage blockchain development in the region. According to stc Bahrain, this partnership forms the foundation for their Web3 Launchpad initiative.
Nervos Network (CKB): Community Growth Fuels Price Increase
Nervos Network (CKB) was another notable gainer this week, with the altcoin experiencing significant growth over the past seven days. Currently priced at $0.02667, CKB has risen 34.4% compared to its price last week.
Its market capitalization reached $1.1 billion during the same period, accompanied by trading volume of $173 million.
This price increase can be attributed to the project's rapidly growing community. The token protocol recently celebrated reaching 10,000 followers, highlighting its growing user base. Additionally, upcoming exciting activities within the community further fuel enthusiasm and contribute to price spikes.
Check Market: Buying and Selling & Trading CKB/IDR
Pendle (PENDLE): Driven by Increased DeFi Protection
Pendle (PENDLE) secured another spot among the week's top gainers, with the token posting significant gains.
PENDLE is currently trading at $6.63, reflecting a 27.17% increase compared to its price last week. During this period, its market capitalization reached $1.5 billion, with trading volume of $199 million.
Recent developments in the Pendle network likely contributed to the token's price increase.
Of note, Quantstamp recently welcomed Pendle Finance to its growing list of supported DeFi protocols.
This allows Pendle users to take advantage of Quantstamp's DeFi Protection, which safeguards their assets up to $250,000.
Check the Market: Buying and Selling & Trading PENDLE/IDR
eCash (XEC): Reduced Withdrawal Fees Fuel Enthusiasm
Rounding out our list of top gainers this week is eCash (XEC). Currently, XEC is trading at $0.00007898, reflecting a 19% increase compared to its price last week.
During this period, its market capitalization reached $1.5 billion, with trading volume of $348 million.
This week's jump in XEC prices can most likely be attributed to recent updates on withdrawal fees on various exchanges.
It is worth noting, two leading Korean exchanges, Upbit Global and Bithumb Official, announced a reduction in eCash withdrawal fees from 1000 XEC to 500 XEC earlier this week.
This news is likely to trigger a wave of enthusiasm within the eCash community.
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How to Buy Crypto from 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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