Hey crypto enthusiasts! Feeling overwhelmed by Bitcoin’s price surge? Don’t worry, the crypto world is brimming with opportunities beyond the big names. The recent buzz around spot-Bitcoin ETFs has definitely shaken things up, injecting fresh energy into the market. While some cryptos have skyrocketed, others have taken a breather, creating a sweet spot for savvy investors like you to jump in.
Bitcoinworld’s market analysis team has been digging deep, and we’ve pinpointed three exciting digital assets currently priced under $0.10 that are showing strong potential for the week ahead. Whether it’s price dips creating entry points, growing investor interest, or exciting project developments, these cryptocurrencies are worth keeping a close eye on. Ready to explore some budget-friendly crypto gems? Let’s dive in!
Shiba Inu (SHIB): Will the Burn Ignite a Price Rally?
Shiba Inu (SHIB), the popular meme-coin turned serious contender, is back in the spotlight. The developers are doubling down on their commitment to the SHIB ecosystem, and their latest move is a big one: a massive burn of 9.35 billion SHIB tokens!
Why is this burn important? Think of it like this: by reducing the total supply of SHIB, the developers are aiming to make each remaining token more valuable. The goal? To finally break free from the $0.00001 resistance level and potentially shed a zero from its price tag.
See Also: FTT Jumps 24% On Former FTX Customer Complaints
This recent burn marks the fifth SHIB burn initiative within the ecosystem, and it’s powered by gas fees from Shibarium, their layer-2 scaling solution. Crypto market specialist Lucie highlighted this in a recent X post on January 9th, emphasizing the ongoing efforts to boost SHIB’s value.
Currently, SHIB is trading at around $0.00001019. While it’s seen a slight dip of 0.66% in the last 24 hours, zooming out reveals a more positive picture. SHIB has gained 2.50% over the past week and a solid 7.97% in the last month. Could this burn be the catalyst for the next leg up?
Hedera (HBAR): Technical Indicators Point to Potential Upswing
Hedera (HBAR) is not just about partnerships and real-world applications; it’s also showing interesting signals on the charts. Recently, HBAR has been displaying some positive technical indicators that suggest a potential bullish move.
Looking at the 1-day chart, a bullish spinning top candle has appeared, which can often signal a shift towards upward momentum. Adding to this positive outlook, the Relative Strength Index (RSI) on the daily chart looks promising, and a potential bullish crossover on the MACD (Moving Average Convergence Divergence) is further fueling positive sentiment.
Crypto analyst Crypto Troll pointed out another key development on January 12th: on the 4-hour chart, HBAR has closed above its critical 200-day Moving Average. This is often seen as a strong sign of market strength and a potential shift to a more bullish trend.
$HBAR 4H Chart Alert 🚨
– Closed above 200 MA
– MACD Bullish Cross Soon
– RSI Rising— Crypto Troll 🥷 (@OCryptoTroll) January 12, 2024
Currently trading at around $0.084148, HBAR has experienced a slight daily dip of 0.15% and a 2.22% decrease over the past week. However, looking at the monthly performance, HBAR is up by a healthy 13.28%, suggesting underlying strength despite recent minor pullbacks.
Dogecoin (DOGE): X Payments Spark Community Excitement
Dogecoin (DOGE), the original meme coin, is once again buzzing thanks to news surrounding Elon Musk and X (formerly Twitter). The confirmation of upcoming peer-to-peer transactions on the X platform has ignited a wave of optimism within the DOGE community.
Why the excitement? Many believe this move by X could pave the way for Dogecoin integration as a payment option on the platform. Imagine sending DOGE to your friends or tipping creators directly through X – that’s the vision fueling the current enthusiasm.
See Also: Vanguard Have No Plans To Allow Spot Bitcoin ETF Trading On Its Platform
This positive sentiment is already reflected in DOGE’s price. In January alone, Dogecoin has surged by an impressive 7.62%, demonstrating the market’s reaction to the X payments news.
As of now, DOGE is trading at approximately $0.084911. It’s showing slight gains of 0.34% in the last 24 hours and 0.45% over the past week. However, the monthly chart indicates a 13.35% loss, highlighting the volatility often associated with meme coins. Despite this monthly dip, the recent X news could be a game-changer for DOGE’s trajectory.
Will this broader crypto rally extend beyond Bitcoin and lift these altcoins even higher? It remains to be seen. However, the renewed investor confidence is palpable across the digital asset landscape, and these three cryptocurrencies under $0.10 are certainly positioned to potentially benefit.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
