Nigeria’s Crypto Craze: The Top 3 Altcoins Dominating August 2025
Nigeria’s crypto traders are flipping the script—again. While Bitcoin hogs headlines, three altcoins are stealing the show this week. Here’s what’s pumping (and what might dump).
1. The Scalability Savior
One Ethereum rival—let’s call it the 'Naira Whisperer'—is seeing record Nigerian wallet adoptions. Gas fees? Nigerians aren’t having it. This chain slashes costs by 80% compared to ETH. No surprise it’s trending.
2. The Meme Coin That Refuses to Die
A certain dog-themed token—despite zero utility—is back in Nigeria’s top 3. Blame influencer hype and that one viral TikTok trend. Pro tip: maybe don’t mortgage your mama’s shop for this one.
3. The Central Bank’s Worst Nightmare
A privacy coin is mooning among Lagos traders. Why? Let’s just say Nigeria’s inflation-hit savers love assets that bypass… everything. Even the CBN’s frowns.
The Bottom Line
Nigeria’s crypto scene moves faster than a Lagos okada. These three tokens prove altseason isn’t dead—it’s just getting reckless. And as always, the 'next big thing' might just be tomorrow’s rug pull. Happy trading (and maybe hedge with Bitcoin, yeah?).
CORE
Layer-1 (L1) coin Core has emerged as one of the trending altcoins in Nigeria today. At press time, the token trades at $0.46, indicating a 3% decline over the last 24 hours.
During this period, CORE’s trading volume has declined by over 5%, pointing to waning market participation and a weakening demand trend.
When price and trading volume fall simultaneously, it signals a loss of momentum from market participants. This trend suggests that investors may be sidelining CORE due to market uncertainty or lack of confidence in its short-term gains.
Readings from the CORE/USD one-day chart show the asset struggling below a key resistance level at $0.47. If selling pressure intensifies, CORE could fall lower and slide toward its next major support floor at $0.33.
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However, if new buying interest resurfaces, the token could reclaim upward momentum and push toward $0.55, flipping the current resistance into support.
Treasure (MAGIC)
Artificial intelligence-based token MAGIC is another altcoin trending among Nigerian traders today. Unlike many other altcoins caught in the current market slump, MAGIC has bucked the broader downtrend to post a 26% price surge in the past 24 hours. At press time, the token trades at $0.18.
Price chart readings suggest that this rally is driven by genuine buying interest rather than short-term speculation. MAGIC’s positive Balance of Power (BoP), which currently sits at 0.34, confirms this.
The BoP indicator measures the relative strength of buying versus selling pressure in the market. When BoP is in positive territory during a rally, it suggests significant bullish sentiment, a sign of a healthier upside.
If this bullish pressure persists, MAGIC could build on its current momentum and rally toward $0.21, which it last touched in early July.
However, if profit-taking kicks in, the altcoin may face a reversal, with price potentially retracing to a lower support level around $0.14.
Dogecoin (DOGE)
Top meme coin Doge is one of the trending altcoins in Nigeria today. Since it peaked at a cycle high of $0.28 on July 21, the token has lost 10% of its value. The meme coin trades at $0.19 at press time, down 5% over the past day.
On the daily chart, the token’s falling Relative Strength Index confirms the sustained selling pressure. As of this writing, the momentum indicator is at 40.64 and declining.
The RSI indicator measures an asset’s overbought and oversold market conditions. At 41.10 and falling, DOGE’s RSI shows that the altcoin faces reduced buying pressure from investors and risks further price declines as demand wanes.
If demand leans over the next few trading sessions, DOGE could witness a deeper price correction, causing its value to plunge below $0.17.
However, DOGE could reverse its downtrend and climb toward $0.23 if the bulls regain dominance.
