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Approval of spot-Bitcoin ETFs by the SEC has positively changed the cryptocurrency market, as most of the digital assets experienced gains. At the same time, some declined, which presents investors with potentially lucrative opportunities.
Finbold’s cryptocurrency market analysis has identified three digital assets that stand out due to recent price fluctuations, heightened investor interest, or significant development initiatives.
These choices offer attractive investment prospects for the upcoming week, especially for investors looking for entry points below $0.10 per coin or token.
Shiba Inu
The commitment to Shiba Inu (SHIB) by its developers remains steadfast, and the most recent example is the burning of 9.35 billion SHIB.
This burn was done to propel the price of this digital asset above the $0.00001 threshold or to remove a zero. Shiba Inu’s recent burning activities mark the fifth SHIB burn initiative within the ecosystem, fueled by gas fees on Shibarium, the layer-2 network scaling solution, per an X post from crypto market specialist Lucie on January 9.
At the time of press, SHIB was trading at $0.00001007, with a decrease of 0.66% in the past 24 hours, contrary to gains of 2.50% in the past week and an increase of 7.97% in the past month.
Hedera (HBAR)
In addition to its ever-growing web of collaboration and implementations, Hedera (HBAR) has recently displayed some positive technical indicators.
The 1-day chart displays a bullish spinning top candle, hinting at potential bullish momentum for the day. Notably, the RSI on the daily chart looks promising, and a near MACD bullish cross further supports positive sentiments. In the 4-hour chart, a noteworthy development is the close above the critical 200-day Moving Average, emphasizing market strength, per crypto analyst post Crypto Troll on January 12.
At the time of writing, this asset was trading at $0.08316, marking a decrease of 0.15% in the previous day, a -2.22% dip in the last 7 days, and a gain of 13.28% in the past month.
Dogecoin (DOGE)
Elon Musk’s announced peer-to-peer transactions on X have recently been confirmed, positively impacting the price of Dogecoin (DOGE).
The community’s optimism has surged following the recent announcement of an upcoming peer-to-peer payments system on the X platform, raising hopes for the potential integration of Dogecoin. This optimism immediately showed on the price charts, as its price surged by 7.62% in January.
At the time of reporting, DOGE was trading at $0.08398, with a gain of 0.34% in the past 24 hours, a 0.45% increase in the past week, and a -13.35% loss on the monthly chart.
Whether this ongoing crypto rally will bring more gains to assets other than Bitcoin (BTC) is yet to be confirmed. However, renewed investor confidence can be seen across multiple digital assets.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.