Numerous cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), have been methodically challenging and surpassing new resistance levels amidst the prevailing market upswing.
This trend has allowed lesser-known altcoins to witness value surges concurrently.
Alternative digital assets exhibiting vital fundamental attributes and promising technical indicators are particularly noteworthy, attracting growing attention. Ongoing improvements to their underlying blockchain structures contribute to the positive sentiment prevalent in the investment community.
Leveraging fundamental indicators and technical analysis, Finbold has compiled a roster of the most promising cryptocurrencies priced under $0.10, offering potential profit opportunities in the upcoming week.
Dogecoin (DOGE)
Recently, the news of derivatives trading volume for Dogecoin (DOGE) has significantly increased, profoundly influencing the memecoin. Short positions, which indicate bets against the price, reached an impressive $718.23 million on November 17. Long positions and bets in favor of the price increase totaled $627.60 million, establishing a ratio of 53.35% to 46.63%.
Additionally, many Dogecoins have moved out of stagnant wallets in the previous days. This increase in wallets that hold more than $1 million in DOGE, combined with the spike in activity of dormant holders, is often a sign of a price direction change and ‘a sign of big money interest,’ as reported by Finbold on November 23.
DOGE’s price was $0.08 at the time of publication, meaning it had risen approximately 2.20% over the past 24 hours. It experienced a decrease of -7.39% in the previous week, which contrasts with the gains made over the last month’s period, which amounted to 17.32%.
Hedera (HBAR)
Known as one of the cryptocurrencies whose development team is constantly looking for upgrades and projects to blockchain that will upgrade their product, Hedera (HBAR) could be a potentially lucrative proposal next week.
Another positive development comes after the announcement of approval of the proposal from Walter Hernández, a researcher from the DLT Science Foundation (DSF), who introduced an improvement for validating and verifying the source code of deployed smart contracts. This week, the proposal has been successfully implemented, substantially enhancing the interaction between developers and users with smart contracts on Hedera.
As of the time of publication, HBAR was priced at $0.06, indicating a rise of approximately 0.78% within the last 24 hours. Over the past week, it decreased by 0.85%, compared to the gains of 20.69% made throughout the preceding month.
VeChain (VET)
VET, the native cryptocurrency of the esteemed VeChain network, has recently captured the attention of cryptocurrency investors.
This is confirmed by the recent announcement from VeChain in a post on X, stating that “ Since November 1, nearly 160,000 new addresses have joined VeChain, partly due to our ongoing Coinbase Learn program. This initiative has allowed us to exhibit our capabilities and achievements to over 100 million KYC’d users.”
The surge in holders was probably fueled by Coinbase’s announcement on September 12 regarding its decision to support VET and the other VeChain tokens.
At the time of publishing, VET is valued at $0.02, reflecting an increase of approximately 1.18% in the past 24 hours. In the preceding week, it experienced an increase of 1.69%, adding to the positive trend that saw gains of 11.88% over the last month.
These three cryptocurrencies, selected based on fundamental and technical analysis, show promise for potential investors in the upcoming week.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
