Top Altcoins Including AAVE, CRV, and ENA Sees Significant Inflow.

(Thursday 15 August 2024, 05:45 AM GMT):

The crypto market is showing signs of bearish sentiment today, with several major altcoins trading in the red. Bitcoin (BTC) has experienced a notable drop of 4.05% over the past 24 hours, bringing its price down to $58,433.

Despite the overall downturn, a few top altcoins are attracting significant inflows. Notably, Curve DAO (CRV), Ethena (ENA), and Aave (AAVE) have seen considerable interest from investors, suggesting a strong belief in their potential.

Here’s a quick look at the latest data from Nansen, highlighting the 24-hour inflow and price movements for these altcoins on the Ethereum network:

Source: Nansen

1. Curve DAO (CRV):

• Inflow: $436,513
• Current Price: $0.3177
• 24-Hour Change: +1.60%
• CRV has seen over $436K in inflows, which has contributed to its price gaining 1.66% in the past 24 Hr.

2. Ethena (ENA):

• Inflow: $208,029
• Current Price: $0.3156
• 24-Hour Change: -7.70%
• Ethena have experienced bearish momentum, pushing its price down by 7.70% over the last 24 hours, indicating possible sell-off.

3. Aave (AAVE):

• Inflow: $19,384
• Current Price: $105.23
• 24-Hour Change: +7.53%
• AAVE has attracted minor funds, despite this it manages to surge by 7.53%.

These inflows reflect a growing interest from sophisticated investors in these projects. CRV and AAVE, in particular, have benefited from this attention, posting gains despite the broader market downturn. On the other hand, ENA has seen a price decline despite the inflows, which could indicate mixed sentiments among investors.

As Bitcoin hovers around the $58K mark, it will be intriguing to watch how these altcoins perform in the coming days, especially with smart money clearly showing interest in them.

Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial advice