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<a href="https://en.coin-turk.com/analysts-anticipate-upcoming-turbulence-in-the-cryptocurrency-market/”>Bitcoin (BTC) and Ethereum (ETH), along with numerous other cryptocurrencies, are systematically pushing and surpassing new resistance levels in the midst of the market’s rise. This trend has also allowed lesser-known altcoins to witness an increase in value. Here are three altcoins that are trading below $0.1 and have the potential to please investors with their performance next week.
Dogecoin (DOGE) Analysis
The increase in trading volume for Dogecoin (DOGE) is reflected in the charts, which is clearly affecting the meme coin. Short positions, indicating investors expecting a price drop, reached an impressive $718.23 million on November 17. On the other hand, long positions, indicating investors entering trades expecting a price increase, led to a total of $627.60 million, resulting in a ratio of 53.35% to 46.63%.
Furthermore, Dogecoins have started to be transferred from dormant wallets in recent days. The increase in wallets with over $1 million in DOGE, combined with the increase in activity of inactive wallets, may indicate the interest of large investors.
At the time of writing, DOGE was trading at $0.07803. It has experienced a 0.13% increase in the past 24 hours. While it witnessed a 9.56% decrease compared to the previous week, disappointing investors in the weekly perspective, it still managed to achieve a 17.32% gain on a monthly basis.
Hedera (HBAR) Coin Analysis
HBAR, a blockchain that constantly upgrades its products, can potentially provide profit opportunities for crypto investors looking for open development projects in the upcoming week.
Another positive development specific to HBAR came after the announcement by Walter Hernández, a researcher at the DLT Science Foundation (DSF), that a proposal providing an improvement to verify the source code of deployed smart contracts has been approved.
The proposal was successfully implemented during the week. As a result, interaction between developers and users in Hedera’s smart contracts significantly increased.
At the time of writing, HBAR was trading at $0.06, experiencing an approximately 0.78% price increase in the past 24 hours. However, it did witness a 0.85% decrease compared to the previous week’s 20.69% gain.
VeChain (VET) Analysis
VeChain caught the attention of investors last week, which was also confirmed by the recent announcement shared on X. The announcement stated:
Since November 1, approximately 160,000 new addresses have joined VeChain due to our ongoing Coinbase Learn program. This initiative has allowed us to showcase our capabilities and achievements to over 100 million KYC users.
The increase in the number of VeChain users is likely due to the announcement that Coinbase will support VET and other VeChain tokens starting on September 12.
At the time of writing, VET was trading at $0.02, indicating a 1.18% increase in the past 24 hours. It had also experienced a 1.69% increase compared to the previous week, contributing to a positive trend with an 11.88% gain over the past 30 days.
