Date: August 11, 2024, 06:45 AM GMT
The cryptocurrency market is showing signs of recovery after experiencing one of its major crashes in 2024. The crash was triggered by a series of bearish reports, but Bitcoin (BTC) has bounced back, trading above $61K after falling to a low of $49K on August 5.
As the market recovers, several top altcoins are experiencing impressive surges, particularly Artificial Superintelligence Alliance $FET , Ondo $ONDO, and Ethena$ENA . These tokens have seen significant inflows, driving their prices higher.
According to data from Nansen, here's a breakdown of the 24-hour inflow and price movements for these altcoins on the Ethereum network:
Artificial Superintelligence Alliance (FET): FET saw an inflow of $91,237, leading to a 24-hour price increase of 9.56%. The current price of FET is $0.9227.
Ondo (ONDO): ONDO experienced an inflow of $271,729, with its price rising by 5.84% over the past 24 hours. ONDO is currently trading at $0.8076.
Ethena (ENA): ENA received an inflow of $161,802. However, despite the inflow, ENA's price decreased by 5.00%, bringing its current price to $0.3234.
The significant inflows into these tokens have had a noticeable impact on their prices, with FET and ONDO trading in the green today. Despite the decline in ENA's price, the inflow suggests there is still interest in this altcoin.
As the market continues to stabilize, these altcoins could see further price movements, making them worth keeping an eye on.
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Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial advice.
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