As the week ends, the cryptocurrency market experienced significant activity due to expectations of ETF approvals. Some altcoins saw value declines and gradual pullbacks to previous levels, while a few presented attractive investment opportunities. The following three altcoins could be of interest to investors looking for entry points below $0.10 in cryptocurrencies.
The Future of Shiba Coin
In January, Shiba Inu (SHIB) appears to have avoided a sharp decline, taking into account the recovery from a recent significant drop. According to some cryptocurrency experts, SHIB’s current movements show parallels with the model that led it to its all-time high (ATH).
Looking at the price movements, similarities are found with a pattern that previously led to its highest level, exciting investors about the possibility of such a movement happening again.
If this price movement continues, according to a graph shared by crypto analyst Javon Marks on January 2, there is potential for an increase exceeding 710%, and the price could reach levels above $0.000088598.
As of January 5th, SHIB experienced a 3% price drop in the last 24 hours. The 24-hour trading volume decreased by 2.1%, remaining at $185 million. SHIB’s overall market cap also fell by 3%, dropping to $5.6 billion.
VeChain (VET) Attracts Attention
VeChain (VET) blockchain witnessed a surge in daily transactions, exceeding 2 million. VET, preferred by major corporations like Walmart and BMW for their transactions, is seeing positive reflections in its price due to this trust.
At the time of writing, VET’s price had fallen by 6% to $0.030. The price movement over the last 7 days indicated a sharp decline of 14.08%. Despite recent drops, the 30-day price movement crowned with a 27.25% increase.
Hedera’s (HBAR) New Partnership
Known for its initiatives and partnerships in the blockchain space, Hedera (HBAR) is another cryptocurrency that is attracting investors’ attention and has the potential to be a profitable investment.
A partnership with RedSwan CRE has excited HBAR investors. The foundation of this partnership is tokenized commercial real estate, and the company has established another significant partnership in this area.
At the time of writing, HBAR was trading at $0.0829, and contrary to the 27.27% rise in the past month, it was experiencing a 5.92% drop today. A 5.95% price drop was also observed in the weekly review.
What Will Happen to Dogecoin (DOGE)?
Prominent cryptocurrency market investor Crypto Tony shared his views that the expected time for DOGE against the USD might have arrived. As previously mentioned, one of the important points for this progress is the transformation of the $0.106 level into solid support.
This critical level is very important in laying the groundwork for the expected cryptocurrency bull run.
DOGE was trading at $0.08168, experiencing a 2.59% drop in the last 24 hours. The losses of 10.81% over the previous week and 13.12% over the last 30 days might concern new investors but could also present opportunities.
Although the mentioned cryptocurrencies are experiencing losses at the time of writing, the dynamic nature of the sector suggests that everything could change again. Investors should not forget that following a potential ETF approval, altcoins could follow Bitcoin‘s price movements, which could be beneficial for them.
