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As New Year approaches, excitement in the cryptocurrency sector has increased with Bitcoin (BTC), the leader of cryptocurrencies, rising above the $43,000 price level and most altcoins following suit.
So, with the expectation of ETF, the approaching halving, and the Federal Reserve’s interest rate stance, which altcoins might cryptocurrency investors be keeping an eye on as the new year approaches? Here are a few altcoins and their current situations.
Shiba Inu (SHIB) Reviews
According to the analysis by Jake Wujastyk dated December 6, Shiba Inu (SHIB) recently experienced a price increase. During this process, there was also a significant increase in trading volume in recent days. Another major memecoin accompanying the broader cryptocurrency rally.
During these events, Shiba Inu was trading at a level of $0.00000958 at the time of writing. It experienced a 3.24% price drop in the 24-hour period, but still recorded a significant gain of 16.90% in the weekly price chart. Data from the past month also shows a price increase of 14.54%.
XRP (XRP) Coin Reviews
With the rise in Bitcoin’s price, there was hope for an upward movement in XRP’s price. Although seen as a low possibility, the altcoin, where transactions continue within the impasse between Ripple and the Securities and Exchange Commission (SEC), managed to make an upward move to reach $1.13. Leading cryptocurrency analyst CoinsKid also shared a post about this matter.
Meanwhile, the XRP token is currently trading at $0.6332 at the time of writing, which means a 0.32% loss during the day according to the latest reviews conducted on December 7. Looking at the price movements throughout the week, there was a 5.49% increase in the altcoin, while there was an 8.54% decrease throughout the month.
Dogecoin (DOGE) Reviews
Another notable altcoin was Dogecoin (DOGE). Celebrating its tenth anniversary on December 6, Dogecoin reached the previously targeted level of $0.10 as stated by Wujastyk. Following this, the analyst’s new target is $0.19.
Additionally, Dogecoin experienced a 7.68% decrease in the last 24 hours, dropping to $0.949. Finally, it saw a 16.92% increase in its value over the previous seven-day period and a 26.66% increase throughout the past month.
