These 3 new coins are beating BTC, ETH, and SOL. Here are the reasons why.
1. I felt $ENA
ENA (Ethena) coin is ranked#1on Binance for the following reasons:
Main Reason
1. Significant Price Increase: ENA price increased by 24.71% in the last 24 hours, reaching $1.220652 per coin ¹.
2. High Trading Volume: ENA's trading volume in the last 24 hours reached $1.46 billion ¹.
3. Large Market Capitalization: ENA's market capitalization stands at $3.59 billion ¹.
Supporting Factors
1. Promising Project: Ethena has a promising project, namely a synthetic dollar protocol built on Ethereum ¹.
2. Good Tokenomics: ENA’s tokenomics is designed so that 30% is allocated to core contributors, 25% to investors, 15% to the Foundation, and 30% to ecosystem development ¹.
3. Support from Binance: ENA is backed by Binance, one of the world's largest cryptocurrency trading platforms ².
However, keep in mind that cryptocurrency prices can fluctuate rapidly and are volatile. Make sure you do thorough research before investing.
2. I'M $PEPE
Pepe Coin (PEPE) has become very popular and highly sought after on Binance for several reasons:
Technical Factors
1. High volatility: PEPE's volatile price attracts traders looking for quick profits.
2. High trading volume: The large number of PEPE transactions increases visibility and interest.
3. Good liquidity: The availability of liquidity facilitates buying and selling.
Fundamental Factors
1. Promising project: Pepe has potential as a utility token in its ecosystem.
2. Community commitment: An active and loyal community supports PEPE.
3. Effective marketing strategies: Successful promotions increase awareness and interest.
Psychological Factors
1. FOMO (Fear of Missing Out) Effect: Many people don't want to miss out on opportunities.
2. Bullish sentiment: Market optimism increases interest in PEPE.
3. Influencer influence: Recommendations from crypto influencers influence interest.
External Factors
1. Development of blockchain technology: Technological advances increase interest in cryptocurrencies.
2. Supportive regulations: Government policies that support cryptocurrency.
3. Global economic crisis: Increased interest in alternative assets.
3. I AM $SUI
SUI coin is ranked third on Binance for the following reasons:
Main Reason
1. Significant Price Increase: SUI price increased by 8.98% in the last 24 hours, reaching $4.522623 per coin ¹.
2. High Trading Volume: SUI trading volume in the last 24 hours reached $4.16 billion ¹.
3. Large Market Capitalization: SUI's market capitalization stands at $13.24 billion ¹.
Supporting Factors
1. Promising Project: SUI has a promising project, which is a fast, secure, and scalable blockchain platform ².
2. Advanced Technology: SUI uses Move programming language and Delegated Proof-of-Stake (DPoS)² technology.
3. Community Commitment: An active and loyal SUI community supports the coin ³.
