The cryptocurrency market continues to present various investment opportunities, having recently rallied, led by Bitcoin (BTC). Despite the perception that digital assets like Bitcoin are often considered out of reach for many investors due to their high unit prices, numerous affordable options are still available in the market.
With the new week on the horizon, investors may find potential opportunities in cryptocurrencies valued below the $10 mark. Therefore, Finbold has compiled a list of three promising digital assets that could be worth considering for investment as we head into the next week.
Top trending cryptocurrencies as of December 21. Source: Santiment
With increasing buying pressure, NEAR has set a target of reaching $4 by the end of 2023. Examining recent price trends, NEAR crypto remains an attractive option for those seeking breakout opportunities.
By press time, NEAR is valued at $3.39, marking a weekly gain of nearly 50%.
NEAR seven-day price chart. Source: Finbold
Internet Computer (ICP)
The Internet Computer (ICP) has recently emerged as a standout performer in the general crypto market. Although, for the short term, ICP has plunged, the asset still commands monthly gains of almost 100%.
While the exact catalyst for ICP’s rise remains unknown, the network’s strategic partnerships are anticipated to contribute to its valuation.
One noteworthy collaboration involves Internet Computer, Gaudi Knowledge, and Moon Labs, mainly focused on recreating Gaudi’s architecture and arts in the Metaverse on ICP.
Simultaneously, the Internet Computer Foundation (ICP) has introduced the first-ever European subnet, providing GDPR-compliant infrastructure for decentralized applications (dApps). As a decentralized cloud 3.0 protocol, ICP seeks to empower developers to create tamper-proof services and enterprise systems directly on a scalable public blockchain, enabling trustless interactions with the external environment.
Notably, with recent gains, there is speculation about the next stop for ICP. In this line, crypto analyst World of Charts speculates that ICP’s next move could drive it toward the $17.5 resistance level.
ICP price analysis chart. Source: TradingView
By press time, ICP is trading at $9.15, experiencing daily losses of about 5%.
ICP seven-day price chart. Source: Finbold
Optimism (OP)
In recent weeks, Optimism (OP) has experienced a significant surge, aligning with the overall market trend and achieving critical milestones in onchain metrics.
This surge in value coincided with a period in which Optimism witnessed a spike in the number of addresses with a balance. As of December 21, Optimism boasted over 5.9 million addresses with a balance, marking a substantial increase of 391% from the 1.2 million recorded in January.
What a year for @Optimism! The network currently counts over 5.9 million addresses with a balance, up 391% from 1.2 million in January!?https://t.co/b6bBM1Qd6z pic.twitter.com/58gPngqEk3
— IntoTheBlock (@intotheblock) December 21, 2023It’s worth noting that OP holds potential for further growth, given the continued fulfillment of its primary purpose of serving as the medium for processing transaction fees. The OP Mainnet is distinguished by its speed, stability, and scalability, presenting a layer-2 blockchain solution developed by Ethereum (ETH) developers specifically for the Ethereum community.
There is optimism that OP has a positive outlook for the coming days, making it a valuable asset to consider. Lisk’s (LSK) collaboration with Optimism further fuels this positive outlook. The partnership will see Lisk shift from Layer 1 to an Ethereum Layer 2 solution. In this transition, Lisk aims to transfer its LSK tokens onto the Ethereum platform.
Lisk is a blockchain application platform with an SDK providing developers with tools, simplifying the process of creating blockchain applications.
As of the latest update, OP is valued at $3.22, reflecting weekly gains of approximately 50%.
OP seven-day price chart. Source: Finbold
Although the highlighted cryptocurrencies have shown potential to rally, it is worth mentioning that they remain susceptible to the overarching market sentiments that can influence prices in any direction.
Disclaimer:The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
