Bitcoin (BTC) is trading well below its 2021 historical highs. However, it remains locked in a battle for a major breakthrough in the ever-evolving crypto world. Smart investors see this period as a unique window of opportunity to acquire promising altcoins at discounted prices. crypto analyst Vahid Karaahmetovic, window of opportunity is open Picked 3 altcoins worth considering next week.
Top altcoin: Dogecoin (DOGE), the original meme-coin
Dogecoin (DOGE) rose to fame during the 2021 crypto market rally. To date, it remains the world’s most loved and largest meme-coin. More importantly, DOGE continues to trade at a suitable entry point significantly below the $0.1 mark even after the market recovers from the 2022 lows.
This could be a unique opportunity for investors to get their hands on DOGE, especially considering that the meme-inspired asset could eventually become an official payment method on the X platform, as previous rumors have suggested. At the time of writing, DOGE was changing hands at $0.06, virtually unchanged over the past 24 hours. The altcoin lost 0.4% in the past week and more than 2.3% in the month. However, it has outperformed 75% of the top 100 cryptocurrencies in the past year.
In second place is Hedera (HBAR)
Hedera (HBAR) continues to gain traction among crypto investors following its significant rise since the beginning of 2023. The altcoin is currently the 30th largest cryptocurrency by market cap. However, HBAR’s rise this year is not unjustified. In particular, Hedera, the Blockchain project behind the token, continues to move forward with important developments and partnerships, such as its recent collaborations with auto giants Kia and Hyundai.
cryptokoin.comAs you can see from , Blockchain has recently entered the stablecoin market fully with the launch of Hedera ‘Stablecoin Studio’, an “all-in-one stablecoin structuring, issuance and management toolkit designed specifically for web3 platforms, institutional issuers, businesses and payment providers.” made headlines after announcing plans to move forward with speed. At press time, HBAR was trading at $0.05, up 0.9% in the last 24 hours. Additionally, the altcoin gained 0.05% in value last week. However, it lost approximately 15% of its value during the month. However, the token outperformed 52% of the top 100% crypto assets in 1 year.
Last ranked altcoin: Kaspa (KAS)
Meanwhile, our third pick is Kaspa (KAS). The project is a Blockchain that serves as a decentralized and highly scalable protocol crafted to overcome shortcomings common in existing Blockchains. It has high efficiency and minimum transaction fees. Additionally, it focuses on achieving high scalability. Thus, it paves the way for easy and secure transactions and execution of smart contracts.
Earlier this week, Kaspa rolled out a significant upgrade to its mem-pool design. Thus, he explained, it significantly increases processing efficiency. Notably, a single node processed 1.4 million transactions during the testing phase. This greatly exceeded expectations. At the time of writing, the altcoin was trading at $0.05, down 1.6% on the day. KAS also fell 1.8% last week. However, it increased by over 11% throughout the month. The price of the token has increased by a staggering 99% in the past year. During this period, it outperformed 99% of the top 100 cryptos, including Bitcoin. The token is currently trading above its 200-day simple moving average (MA). Additionally, it is trading near its cycle high.
The opinions and predictions in the article belong to the analyst and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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