The cryptocurrency market, led by Bitcoin (BTC), has recovered significantly and continues to offer investment opportunities. Despite the high unit prices of cryptocurrencies like Bitcoin, which are thought to be out of reach for most investors, there are still many affordable options in the market. With the upcoming week, investors can find significant opportunities in altcoins under $10 with great potential.
NEAR Protocol (NEAR)
NEAR Protocol, a platform that offers a scalable and developer-friendly environment for decentralized applications (dApps), has been one of the standout altcoins in the past week. NEAR, in particular, recorded double-digit gains in the weekly timeframe, and on-chain metrics suggest that these gains could be sustainable in the days to come.
For example, the number of active daily wallet addresses on the network increased by 975% from 93,000 to over a million between December 1 and December 19. Concurrently, the total number of daily transactions on the network has increased by 170% since December 3. Additionally, other on-chain data from Santiment shows that the altcoin is being discussed more on social media platforms, which could trigger a FOMO-fueled rise in NEAR.
Market observers expect NEAR to reach $4 by the end of the year due to increasing buying pressure. When looking at recent price trends, NEAR stands out as an altcoin with significant potential in every aspect.
Internet Computer (ICP)
Internet Computer (ICP) has been a prominent player in the cryptocurrency market lately. Although the price of ICP has dropped in the short term, the altcoin is still trading with approximately 100% gains in the monthly timeframe. While the exact trigger for ICP’s rise is unknown, strategic partnerships made by the network could have contributed to this increase.
During the same period, the Internet Computer Foundation (ICP) introduced the first European subnet providing GDPR-compliant infrastructure for dApps. Internet Computer, a decentralized cloud 3.0 protocol, grants developers the authority to create services and corporate systems on a scalable public blockchain that are protected against external interference.
Especially with the recent gains, speculations about ICP’s next destination have increased. In this context, cryptocurrency analyst World of Charts expects ICP to rise towards the resistance level of $17.5 with its next move.
Optimism (OP)
Optimism (OP) is also one of the trending altcoins in recent days. Moving in line with the general market trend, OP has made a significant rise, reaching critical milestones in on-chain metrics. The recent price increase coincided with a significant increase in the number of wallet addresses on the Optimism network. As of December 21, Optimism saw a 391% increase in the number of wallet addresses with a balance greater than zero since January.
Considering the continuous fulfillment of its primary purpose of serving as a medium for processing transaction fees, it is worth noting that Optimism has more growth potential. The Optimism network is distinguished by its speed, stability, and scalability, offering a Layer 2 network solution developed specifically for the Ethereum community by Ethereum developers.
There is optimism for a positive outlook for Optimism in the coming days, making it an altcoin with significant potential that should be considered. At this point, Lisk’s (LSK) collaboration with Optimism enhances this positive view. The collaboration will enable Lisk to transition from Layer 1 to the Ethereum Layer 2 solution. In this transition, Lisk aims to transfer its LSK token to the Ethereum platform. Lisk is known for providing developers with various development tools and simplifying the process of creating blockchain applications with its SDK.
