Altcoins Exploding in Nigeria! 🤯

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This past week, the crypto market was wilder than a rodeo clown on a sugar rush. Some altcoins were mooning 🚀 while others were taking a nosedive 📉. Ayotunde Alabi, the big cheese at Luno Nigeria, says Ethereum (ETH) was the star of the show, even though Bitcoin was stuck in neutral. ETH was racking up gains like it was collecting frequent flyer miles.

A bunch of other altcoins were riding ETH’s coattails, so BeInCrypto decided to sniff out the three hottest ones making waves in Nigeria. Investors, you better pay attention! 👀

Ethereum (ETH)

Ethereum’s been dodging the market’s punches like a prizefighter. Companies are starting to see it as the next big thing, just like Bitcoin. It’s like everyone wants a piece of the ETH pie 🥧.

BeInCrypto had a chat with Alabi, who said all this ETH love is because people are starting to see its potential. It’s not just hype, folks!

“Nasdaq-listed Bit Digital decided to ditch Bitcoin and go all-in on ETH. They sold their Bitcoin stash and used $172 million to buy over 100,000 ETH. Their CEO, Sam Tabar, says ETH’s fancy programmable design, growing popularity, and staking rewards are gonna change the financial world as we know it,” Alabi said.

ETH’s price jumped 20.51% this past week, hitting $3,544 – a six-month high! 🎉 It’s like ETH is on a mission to reach $4,000, fueled by investor confidence and big players jumping on board.

But hold your horses! If ETH starts to lose steam and people start selling, the price could drop to $3,131. That would wipe out all those recent gains and make everyone scratch their heads. 🤔

XRP (XRP)

XRP was on fire this week, shooting up 24.5% and hitting a new all-time high (ATH) of $3.66. It was so popular that it became the third most traded cryptocurrency on Luno in Nigeria. Looks like XRP is the new kid on the block! 😎

This surge shows that people are getting excited about XRP, especially in places like Nigeria. It’s like a party 🎉 and everyone’s invited!

XRP is hanging tough above the support level of $3.38. Even though things are cooling down a bit, the Parabolic SAR is still below the candlesticks, which means the uptrend is still going strong.

If XRP keeps this momentum going, it could break through its $3.66 ATH and head towards $3.80. More gains, baby! 🤑

But remember, nothing goes up forever. If XRP starts to face some selling pressure, it could drop below $3.38 and even go down to $3.00. That would be a bummer 😞 and could mean the party’s over.

Hedera (HBAR)

HBAR had a wild ride this week, jumping 34% and trading at $0.266. It’s basically glued to Bitcoin’s hip, with a correlation coefficient of 0.92. When Bitcoin sneezes, HBAR catches a cold. 🤧

This surge has made HBAR one of the most popular altcoins on Luno in Nigeria. People are buying it up like hotcakes! 🥞

“The latest buzz came at the RAISE Summit 2025, where Hedera was chosen as the ledger layer for Verifiable Compute, an AI solution cooked up by EQTY Lab, NVIDIA, SCAN UK, and Accenture. This big endorsement from the bigwigs got investors excited and shows that Hedera is making moves in the AI-blockchain world,” Alabi told BeInCrypto.

If Bitcoin keeps going up, HBAR is likely to follow suit and hit $0.300. 🚀

But if Bitcoin takes a tumble, HBAR could go down with it, maybe even dropping to $0.220. That would be a major bummer for HBAR holders. 😔

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2025-07-19 17:31