This week has seen an uptick in trading activity across the digital asset market, with the global crypto market capitalization climbing 3% over the past seven days. 

The momentum has spilled over into local markets, where several tokens have captured attention among Nigerian traders. On-chain data from the past 24 hours shows Portal To Bitcoin (PTB), CREPE, and PEPE  as the three cryptocurrencies drawing the most visibility from that region. 

Portal To Bitcoin (PTB)

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Portal To Bitcoin launched its mainnet on September 3, and the value of its native token PTB has since rocketed. Trading at $0.0534 at press time, the altcoin is up nearly 25% in the past seven days alone. 

PTB has logged 27% intraday gains amid today’s broader market rally. However, the altcoin appears poised for a pullback as its plummeting daily trading volume signals an uptick in profit-taking. This currently totals $122 million, falling by 32% in the past 24 hours. 

When an asset’s price rises while trading volume falls, it indicates that the upward move is losing momentum. Rising prices with thinning volume suggest fewer buyers are willing to step in at higher levels, leaving the rally vulnerable to pullbacks. 

For PTB, this divergence between price and volume implies that the recent 27% intraday gain may be driven by short-term speculation rather than sustained demand. If profit-taking continues to dominate, the token could struggle to hold on to its gains and face a potential pullback in the near term.

In this scenario, its price could plunge below $0.0476.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

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On the other hand, if the bulls maintain dominance

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Author: Abiodun Oladokun