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As January 2024 approaches, the cryptocurrency sector is moving closer to ending the year on a high note, led by Bitcoin, which has once again visited the significant psychological level above $44,000.
As 2023 comes to an end, there are new developments regarding four altcoins that are showing strength in the market and could create buying opportunities. Considering the price movements in SOL, AVAX, and ORDI, the fact that all these altcoins are under $10 could attract investors.
Helium’s (HNT) Rapid Entry into the Market
Helium (HNT) has made a pioneering move and brought a fresh breath to the telecom market. Helium Mobile, which announced a $20 unlimited cell phone plan in the United States and also revealed NFT rewards, made a swift entry into the telecom market with the launch of its decentralized wireless network, resulting in a price increase for the HNT token.
The price of HNT is trading at $8.02, a 14% decrease in the last 24 hours. However, recent data still shows a significant gain of 265.96% in the altcoin. It can also be said that there was a 27.85% increase in the previous seven-day period.
Current Status of Stacks (STX) Coin
Recently, attention has turned to Stacks (STX). According to social volume analysis, it has found its place among the top three tokens followed on social media, along with Solana (SOL) and NEAR Protocol (NEAR). Additionally, positive comments from venture capitalist Tim Draper have helped push the native token of the Stacks network even higher.
Indeed, STX is trading at a price level of $1.45 at the time of writing, indicating a 2.87% decrease during the day. However, the latest data shows a significant weekly increase of 33.25%, and a monthly chart reveals an impressive price increase of 131.61%.
The Future of Cardano (ADA) Coin
Cardano (ADA), one of the most talked-about altcoins recently, continues to develop its ecosystem and is increasing efforts to educate the public. One of the latest announcements involves a partnership between Cardano and Brazil’s oil giant Petrobras to provide blockchain education and explore new ways to use technology in the energy sector.
At the time of writing, Cardano’s current price is $0.61. The altcoin experienced a daily increase of 4.65% but had lost 4.79% in value over a week. Today’s rise, along with a significant 60.28% upward price movement over a 30-day period, has been noteworthy.
Analyst Weighs In on Fantom (FTM)
Lastly, it wouldn’t be wrong to say that Fantom’s (FTM) rise is not limited to its price increase. The network’s growth is also reflected in the steady increase of new addresses. Additionally, according to an analysis shared by famous analyst Ali Martinez on December 16, there is a noticeable rising demand for FTM, which could continue into January 2024.
Fantom (FTM) is currently finding buyers at $0.49, a 12% increase at the time of writing. The rise over the last week has been 25%, while the positive price movement over the past month has exceeded 50%, not going unnoticed by investors.
