🔥 Top 3 Altcoins Dominating Nigeria’s Crypto Scene This Week

Nigerian traders are flipping traditional finance the bird—and these three altcoins are leading the charge.

BNB: The Exchange Giant's Native Token

Binance's powerhouse keeps defying regulatory headwinds, proving that when you build the rails, you control the train. Nigerian users are stacking BNB for reduced trading fees and exclusive launchpad access—because who doesn't love paying less to gamble early?

Ethereum: The DeFi Blue Chip

Despite gas fees that sometimes rival Lagos traffic jams, ETH remains the go-to for serious builders. Smart contracts don't care about central bank policies, and Nigerian developers are deploying everything from yield farms to prediction markets.

Solana: The Speed Demon

When Nigerians say 'fast,' they mean SOL's sub-second finality. This chain's throughput makes traditional banking look like sending letters by canoe. Retail traders are flooding in for the meme coins and staying for the infrastructure—though the occasional network outage reminds everyone that crypto moves at the speed of innovation, not perfection.

These tokens aren't just trending—they're becoming the backbone of Nigeria's parallel financial system. Traditional banks might still be debating CBDCs while these networks are processing more value than some national economies. Sometimes the future arrives faster through a smartphone than through a committee meeting.

BNB

BNB’s recent rally to an all-time high above the $1,000 price mark has put it firmly on the radar of Nigerian traders. While its price has since eased slightly, now hovering close to its peak at $998, market signals suggest bullish sentiment remains strong. 

This is reflected in the coin’s Balance of Power (BOP), which currently sits at 0.65, showing buyers’ dominance in the spot market.

The BoP indicator measures the strength of buying versus selling pressure over a given period. Positive readings indicate that bulls are in control, while negative values point to stronger selling activity. 

BNB’s climbing BOP highlights that, despite its minor pullback from record highs, buyers continue to hold the upper hand.If bullish confidence grows, BNB could revisit its all-time high at $1,001 and attempt to break above it.

On the other hand, if profit-taking strengthens, BNB could fall toward $877.01.

: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily crypto Newsletter here.

Avantis (AVNT)

AVNT, the native token of Avantis, a Real World Assets (RWA) perpetuals DEX, is another altcoin trending in Nigeria today. Currently trading at $1.03, the token is up over 240% in the past seven days.

However, this price hike has led to the gradual emergence of sellers, which may threaten its current rally. 

Readings from the token’s negative Elder-Ray Index reflect this. As of this writing, it stands at -0.057, indicating growing bearish control.

The Elder-Ray Index measures the balance between bullish and bearish pressure by analyzing the difference between an asset’s exponential moving average (EMA) and the strength of bulls or bears in the market. A positive reading signals buyers are in control, suggesting upward momentum. Conversely, when its value is negative, as with AVNT, it points to sustained sell-side pressure.

If this bearish momentum strengthens further, it could drag the token’s price below the $1 mark.

 On the other hand, a resurgence in demand could flip sentiment and drive a rally toward $1.26.

APX

BNB-Chain-based APX is another cryptocurrency trending in Nigeria today. Its price performance mirrors the broader market uptick of the past day, recording an impressive 34% gain. However, its daily trading volume has dropped by nearly 50%, a divergence that suggests the rally may be losing momentum.

Typically, when an asset’s price rises while trading volume falls, it signals weakening conviction behind the move. This divergence hints that fewer buyers are driving the price action, raising the risk of a short-term pullback. 

If momentum weakens, APX could slip below the $0.64 mark.

On the other hand, if renewed demand enters the market, APX’s price could revisit its all-time high of $0.80.