In the last week of July, there was a prominent pullback across the Crypto market, with Bitcoin (BTC) trading within the tight integration range. This muted performance weakened wider market sentiment and reduced many altcoins.
Despite its careful tone, retail interest in Nigeria, one of Africa’s most active crypto markets, was resilient. On-chain and social data reveal that in the final week of July, Bonk (Bonk), Sui (Sui) and Pepe (Pepe) emerged as the top three Trending Altcoins in the country.
Bonk
According to Ayotunde Alabi, CEO of Luno Nigeria, Solana-based Meme Coin Bonk is one of Nigeria’s top trending assets this week. The recent revival of demand for meme assets has led to an increase in Bonk’s value by more than 150% over the past 30 days.
Alabi told Beincrypto that Bonk’s popularity surge could be linked to the broader Altcoin Rally. Still, the appeal among Nigerian investors is also driven by its affordability and perceived benefits. In a market where many top coins appear to be bought, low-cost tokens like Bonk offer speculative traders the opportunity to get in early and get on potential momentum.
“While interest may be based on the broader Altcoin momentum, investors may also be attracted to lower priced entry points and long-term growth potential,” Alabi noted.
Meme Coin traded at $0.00003 at press, up 7% over the past 24 hours. Bonk can extend the rally to $0.000038 if purchase pressure is maintained. A successful violation of that resistance could drive altcoins and regain the annual high of $0.000040.
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On the other hand, if demand drops, Bonk’s price could immerse itself in $0.000034.
sui
This week, Layer 1 (L1) Coin SUI is another Altcoin trend among Nigerian traders. According to Alabi, the increased resilience and visibility of SUI in Nigeria could be linked to its growing ecosystem and increased institutional validation.
With celebrities like Grayscale and Vaneck supporting the token through new investment vehicles, the CEO said Nigerian investors are paying close attention to the long-term potential.
He added that the increase in total value of SUIs (TVL) over the past month indicates increased adoption and capital confidence in network infrastructure. According to Defillama, this is currently at $2.148 billion, up 25% since the start of July.
This increase in TVL reflects an increase in overall market participation, suggesting that more users and developers are actively involved in the SUI ecosystem.
The SUI is currently trading at $3.99. If your network is high, the demand for SUI coins will increase, with the price going to $4.09. A break above this level could trigger a move to $4.29.
However, if profits continue, the value of the coin can be immersed in $3.68.
Pepe
Despite being pulled back slightly over the past week, Pepe remains on the radar of Nigerian traders. According to Alabi, the coin has benefited from a wider Memecoin revival, earning about 18% over the past 30 days.
He explained that the strong performance of more established tokens like Dogecoin (Doge), which won around 30% in the same period, will help renew the market’s trust in smaller Memecoin such as Pepe.
Pepe traded at $0.000012 at press, focusing on a 5% increase over the last 24 hours. If buy-side pressure gets stronger, Meme Coin’s rally could reach $0.000014.
Convergently, when the sellers regain control, they can drive downward trends to $0.0000107.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always conduct your own research and consult with an expert before making a financial decision. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
