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As the new week unfolds in the cryptocurrency sector, many cryptocurrencies, led by Bitcoin, have been observed to rise. They have reflected significant gains since yesterday. Despite their good performance compared to their rivals, some cryptocurrencies are still trading below a low unit price of $0.10. So, which three altcoins are performing strong yet still trading under $0.10?
Dogecoin (DOGE) Commentary
Developments continue in Dogecoin (DOGE), the undisputed leader of Meme Coins. The announcement of a major core upgrade coincided with a surge in price, bringing it to the brink of the long-awaited $0.10 target, as reflected by a Relative Strength Index (RSI) over 70 in the 24-hour charts.
Looking at DOGE’s 24-hour price performance, as of writing, it had surpassed the $0.097 level with a 10.4% increase, reinforcing the 9.43% rise over the past week, while a monthly review indicated a 19.06% growth.
Floki (FLOKI) Takes Flight?
Floki (FLOKI), one of the prominent meme coins and a significant competitor to Dogecoin, reinforced its ongoing surge with a $10 million additional funding announcement from the major Web3 investment firm DWF Labs, offering relief to its investors.
As of writing, FLOKI was finding buyers at $0.00004603, influenced by a 22% rise in the last 24 hours, signaling a 36.52% gain over the past week. The monthly review also hosted a massive 65.26% surge for FLOKI.
In addition to FLOKI’s price increase, it’s worth noting that its trading volume also saw an incredible 500% increase, another indicator of the intense investor interest.
Gala (GALA)
Lastly, if Gala (GALA) can successfully convert the $0.036 resistance into support, it could signal a new formation indicating increased investor confidence and a potential climb to $0.05, potentially initiating a move towards $0.10. Gala’s price, as of writing, was at $0.03392, which could be considered a lower performance compared to its competitors. Gala’s daily increase pointed to a 1.01% rise, while the weekly review showed a much stronger 22.24% increase.
