Three cryptocurrencies to keep an eye on this week; Details

A recent analysis revealed three cryptocurrencies for investors to keep an eye on given their respective recent growth. The platform specializing in cryptocurrency analysis, Santiment, shared a survey on April 8 in which it highlighted the upward movement of three cryptoassets, being driven by the recent appreciation of Ethereum.

The second largest cryptocurrency on the market, Ethereum (ETH), has emerged as a prominent beneficiary of the market recovery with interesting gains in the last day, increasing its value by more than 9% in just 24 hours.

Santiment’s analysis highlighted the continued upward movement of cryptocurrencies Toncoin (TON), Lido DAO (LDO), Ethena (ENA). TON appreciated by 21%, while LDO and ENA showed an increase in their price of 12%.

“Driven by Ethereum’s rally earlier in the week, ERC 20 assets have been well ahead of markets on average. The sector grew +8.1% last week. Keep an eye on the continued rise of $TON (+21%), $LDO (+12%), and $ENA (+12%),” the analysis noted.

📈 Powered by #Ethereum‘s rise to start the week, #ERC20 assets have been well ahead of the markets on average. The sector has grown by +8.1% in the past week. Keep an eye on the continued surge of $TON (+21%), $LDO (+12%), and $ THIS (+12%)

Watchlist link: https://t.co/uex3LH2qHC pic.twitter.com/9wAvW1TLYe

— Santiment (@santimentfeed) April 9, 2024

Toncoin (TON) cryptocurrency soars and enters the top 10 biggest projects

In a striking development in light of the market recovery, the cryptocurrency created by the social platform Telegram, Toncoin (TON), performed surprisingly well over the last day, soaring at a very notable rally.

With an appreciation of almost 18% in the last day, Toncoin entered the list of the 10 largest cryptocurrency projects by market capitalization. In its monthly development, the TON token has experienced a significant rally, rising by an impressive 137.3% in the last 30 days.

The cryptocurrency market witnessed a quite remarkable recovery on April 8, with most cryptocurrencies trading in the green. The TON digital currency stood out during the recent rally, attracting attention in the market.

At the time of publication, the price of Toncoin was quoted at US$6.63, up 13.7% in the last 24 hours. The digital currency recorded a trading volume in the last 24 hours of US$944,785,365. In its weekly appreciation, TON increased its value by 33.3%.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.