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.
Potential pattern repetition of SHIB price. Source: Javon Marks
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.
SHIB 7-day price chart. Source: Finbold
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.
VET blockchain logs record number of transactions. Source: VeChain Stats
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.
VET 7-day price chart. Source: Finbold
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.
Now, the big news! ???2023 was a year of major growth for us. The first major announcement this year????RedSwan is building on @hedera! #HelloFuture pic.twitter.com/7knOypidDB
— RedSwan CRE (@RedSwanCRE) December 31, 2023At the time of reporting, this cryptocurrency was trading at $0.084564, marking a daily decrease of -3.85%, a loss of -5.95% over the week, contrary to advancements of 27.27% in the last month.
HBAR 7-day price chart. Source: Finbold
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.
$DOGE / $USD – Update #Memeseason is only a matter of time away, but like i said $0.106c is an important level for us to flip into support first pic.twitter.com/mzumAnHwb0
— Crypto Tony (@CryptoTony__) January 4, 2024At the time of publication, this digital asset was trading at $0.082465, signifying a decrease of -0.30% over the last 24 hours, adding to the -10.81% losses made over the previous week and -20.12% in the last 30 days.
DOGE 7-day price chart. Source: Finbold
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.
