Jakarta, Pintu News – This week, the crypto market witnessed significant gains, led by Bitcoin (BTC) which approached the $90,000 level. This rise not only boosted market sentiment but also pushed up the value of several alternative tokens such as MYX Finance (MYX), Pepe Coin (PEPE), and Canton (CC). This positive performance reflects increased liquidity and broader buying interest across the market.
MYX Finance (MYX) recorded the best performance with a price surge of 82.66% in a week. Currently, the token is trading at $6.23 with a trading volume of over $125 million in the last 24 hours. This increase marks MYX as one of the most actively traded assets this week.
MYX Finance’s (MYX) price increase comes after a long period of weakness, showing a significant turnaround. This increase was driven by high speculative interest, especially when the strength phase of Bitcoin (BTC) was in the spotlight for traders.
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Pepe Coin (PEPE) also registered a significant increase, with a rise of almost 50% during the week. The token is trading at an average price of $0.000006123, with daily volume surpassing $1.23 billion. This indicates intense short-term trading.
This increase in Pepe Coin (PEPE) price comes after a period of consolidation, followed by an increase in trading activity. This trend is similar to that of the previous Bitcoin (BTC)-led surge, where riskier tokens tend to get more fund flow.
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Canton (CC) also showed a no less significant increase, with a 40.29% gain during the week. The token is trading around $0.1533 with a daily volume of around 26 million. Although Canton (CC)’s market size is still smaller than that of MYX or Pepe, its growth remains substantial.
The increase experienced by Canton (CC) is in line with the strength seen in other alternative assets. This performance is indicative of the improving conditions across the crypto market, signaling a wider diversification of interest from investors.
The rise of Bitcoin (BTC) has been a major catalyst that has had a positive impact on other crypto assets. By constantly monitoring liquidity zones and price movements, investors can identify emerging opportunities in the market. This week, MYX Finance (MYX), Pepe Coin (PEPE), and Canton (CC) have proven that market volatility can be utilized to make significant gains.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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