At the end of the week, some cryptocurrencies move into a consolidation phase, while others provide attractive investment opportunities. Crypto expert Ivan Zhelev analyzed the crypto market for 3 altcoins that stand out due to recent price movements, increased investor interest, or significant development efforts. According to the expert, these represent attractive investment opportunities in the coming week.
In first place is the popular meme coin Shiba Inu (SHIB)
Popular meme coin Shiba Inu (SHIB) has caught the attention of investors again after its layer 2 solution Shibarium experienced a trading explosion of over 4,400% in the last 24 hours. According to data from Shibariumscam, transactions recorded the highest level recorded since its launch. Thus, transactions reached 5.1 million. Following this, the altcoin price increased by 1.3% to $0.00000839. Currently, the market value of the Shiba Inu is $4.9 billion. This makes it the 18th largest crypto.
Meanwhile, in the last 24 hours, Shiba Inu trading volume reached $130.5 million. Additionally, its circulating supply was 589.3 trillion tokens. The token is down almost 90% from its 2021 all-time high (ATH). However, investors are hopeful that it will regain its value in a potential bull market.
In second place is VeChain (VET)
VeChain (VET) is another popular crypto asset available below $0.10. A supply chain-based project involved in environmental and climate change initiatives. Additionally, the native token is used to solve smart contracts on the VeChain network by acting as currency. The altcoin is trading at $0.0193 at the time of writing. The token has a market cap of $1.65 billion. Meanwhile, the trading volume in the last 24 hours reached $36.8 million.
VeChain’s circulating supply is 72.7 billion tokens, while the total supply is $85.9 billion. cryptokoin.comAs you can see from , the project collaborated with many large global companies such as Kuehne & Nagel, with a revenue of $31.02 billion, and PriceWaterhouseCoopers (PwC), with a revenue of $50.3 billion.
Last ranked altcoin: Cronos (CRO)
Cronos (CRO) is another option for those looking for the most affordable cryptocurrency to invest in. Native cryptocurrency on the decentralized Cronos Blockchain developed by financial services company Crypto.com. The token plays an important role in the Cronos ecosystem, covering the payment of transaction fees, participation in staking for rewards, and participation in decentralized finance (DeFi) applications. The current price of the token is $0.091401. Additionally, the altcoin has recorded a price increase of approximately 47.38% in the last month. Its market capitalization is $2.2 billion and its 24-hour trading volume is $12.1 million.
Meanwhile, CRO’s circulating supply is 25.2 billion tokens, while the total supply is 30.2 billion. All things considered, the above assets have shown strength and positive developments recently. It also shows there could be further increases for them in the week starting December 3. However, things sometimes change with the weather in this industry. Therefore, it is vital that one does one’s own due diligence.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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