As the week wraps up, the cryptocurrency market has had a couple of volatile days, which saw a dip in value and gradual retracement towards previous levels, offering enticing investment possibilities.
Finbold’s crypto market analysis has pinpointed four digital assets that distinguish themselves through recent price shifts, increased investor attention, or notable development initiatives.
These selections present appealing investment opportunities for the upcoming week, particularly for investors seeking entry points below $0.10 per coin or token.
Shiba Inu (SHIB)
As January partially sustained Shiba Inu’s (SHIB) positive momentum, certain cryptocurrency experts draw parallels between the current movement and the pattern that propelled SHIB to its all-time high valuation.
The observed price dynamics suggest a breakout reminiscent of its previous surge to an all-time high, hinting at the likelihood of a comparable movement.
If this trend persists, there is the potential for an increase exceeding 710%, reaching levels surpassing $0.000088598 and beyond, as per X post from crypto analyst Javon Marks on January 2.
SHIB is priced at $0.00009730 as of the time of writing, showcasing a price increase of 0.23% in the past 24 hours, a loss of -8.81% on the weekly chart, and a decrease of -3.82% in the past month, as per data from January 5.
VeChain (VET)
VeChain (VET) blockchain just saw an increase in daily transactions that surpassed the threshold of 2 million. This reliance positively influences the VET price as industry giants like Walmart and BMW opt to conduct their operations on this blockchain.
At the time of press, VET was trading at $0.031389, which comes after losses of -2.73% in the past 24 hours, coupled with -14.08% drawback in the past 7 days, but contrary to the increase of 27.25% in the previous 30 days.
Hedera (HBAR)
Gaining considerable recognition for its collaborative efforts in a blockchain initiative, Hedera (HBAR) has become a significant draw for cryptocurrency investors globally, presenting another promising avenue for profitable investment.
Following the announcement of its collaboration with RedSwan CRE, Hedera secured another significant partnership in a marketplace featuring tokenized commercial real estate.
Dogecoin (DOGE)
The recent positive development regarding the DOGE-1 mission to the Moon might positively impact Dogecoin (DOGE) price as regulatory hurdles are being resolved.
Renowned crypto market trader Crypto Tony has noted that the anticipated meme season for DOGE against the USD is drawing closer. As emphasized before, a pivotal aspect of this progression is the conversion of the $0.106 level into a robust support.
This strategic move is crucial in laying the groundwork for the upcoming season, potentially playing a significant role in shaping the currency’s performance in the market.
Although the mentioned cryptocurrencies may be undergoing current losses, the dynamic nature of the digital asset realm underscores the importance of recognizing that crypto assets are significantly influenced by overall market sentiment. Monitoring this key factor is crucial when considering market entry.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
