As we approach the end of the week, the activity of some cryptocurrencies is observed. Some altcoins, on the other hand, are attracting interest as they may still be suitable for investment. Based on this information, an analysis was made of 3 different altcoins, especially those with a token price below $0.10, for the upcoming week. These 3 altcoins possess the potential to offer opportunities to investors.
VeChain (VET)
VeChain (VET) emerges as the first altcoin priced below $0.10 and attracting attention from investors. The project uses its native token, VET, to facilitate the execution of smart contracts across the VeChain network. In addition to this usage, it also plays an active role in initiatives on issues such as the environment and climate change.
According to data provided by VeChain Stats on December 8, there was a significant increase in the number of VET holders, reaching an important milestone of 900,000. This reflects a significant increase in the popularity and trust of the crypto asset.
Considering the data provided by VeChain on December 8, the price increased by 5.78% in the last 24 hours and provided a significant return to its investors at a rate of 15.27% on the weekly chart. More importantly, it also accompanied the rise of BTC last month and made gains of 17.20%. It was trading at $0.0262 at the time of writing.
Hedera (HBAR)
Hedera (HBAR), who made a name for itself with its partnerships with automotive giants Kia and Hyundai in the past period, has become notable for global crypto investors and appears as a potential opportunity for investors.
HBAR did not limit its partnerships to this. It also entered into a major partnership with the United Nations. The United Nations Framework Convention on Climate Change (UNFCCC) was announced on December 4 with the participation of Hedera Hashgraph, Envision Blockchain, and Swirlds Labs to address climate change.
As of writing, HBAR has made a 3.40% increase in the last 24 hours and is trading at a price level of $0.0697. While there was a 15.27% price increase in the last 7 days, it was observed that there was a 17.20% increase in the last 30 days.
Shiba Inu (SHIB)
The third and final cryptocurrency is SHIB. Shiba Inu (SHIB), one of the top-performing altcoins of this week, has recently surpassed the psychological threshold of $0.00001 and continues its noteworthy progress.
SHIB recently exceeded the $0.00000800 resistance level and signaled to investors that it could rise even further in the future. This development, put forth by analyst Jake Wujastyk, holds an important place in the aftermath of the 2022 Terra (LUNA) collapse. According to the analysis, the ongoing downtrend since the LUNA collapse seems to have ended.
According to the analysis, it was revealed that there was a 4.50% increase in SHIB’s daily price chart, while a significant gain of 21.05% was reflected in the weekly charts.
