After altcoins took a breather in the final weeks of December 2023, cryptocurrencies other than Bitcoin entered 2024 with renewed optimism. According to crypto expert Ana Zirojevic, who also took note of analysts’ predictions, some currently have more potential than others for the start of the new year. In this regard, the expert shares 4 altcoins that will open the door to opportunities for investors. The expert especially pays attention to tokens priced below 1 dollar.
Altcoins still a good opportunity for investment!
cryptokoin.comAs you follow from , excitement is returning to the crypto markets. Popular crypto analyst and trader Michaël van de Poppe says altcoin projects still offer a good opportunity to invest.
Top secret altcoin: Cardano (ADA)
Cardano (ADA), in particular, is reclaiming the top spot among all crypto teams with significant monthly development activity on the GitHub platform. Cardano added approximately 10,000 smart contracts in 2023. In addition, it showed that efforts to expand the relevant ecosystem have increased.
Meanwhile, Cardano was changing hands at $0.6056, with an increase of 0.75% during the day, according to the latest data. However, ADA has experienced a negative price change of 1.4% over the past week. However, the token recorded a 58.68% advance on its monthly chart.
XRP (XRP) comes in second place
At the same time, XRP (XRP) is in a “head to head” race with Cardano (ADA) towards $1. It is possible for Egrag Crypto to win this race if history repeats itself, according to the Super Guppy indicator. This indicator points to an extraordinary price of $3.7 for the altcoin.
Currently, the XRP token is trading at $0.62. This indicates a decrease of 0.09% in the last 24 hours. However, XRP gained 0.79% in the previous week. In addition, it made progress of 2.11% in the last month.
We continue the list with Algorand (ALGO)
Decentralized crypto transactions platform Algorand (ALGO) has become the blockchain of choice for TravelX and Viva Aerobus’ joint project to convert airline tickets into digital assets. That’s why the altcoin caught the attention of the mainstream.
Meanwhile, Algorand was trading at $0.224 at the time of writing. This indicates a growth of 0.87% during the day. Additionally, ALGO saw a decline of 6.81% over the previous week. However, the token has gained 67.39% over the past month.
Last ranked altcoin: Polygon (MATIC)
Although Polygon (MATIC) falls into the sub-$1 category for now, it recently managed to cross the $1 region for a short time. According to Michaël van de Poppe’s observations, MATIC began to gain momentum. So, it won’t stay there for long. Most likely, MATIC will continue its path towards $1.30.
At the time of writing, MATIC was trading at $0.982. This indicates an increase of 2.22% in the last 24 hours. Moreover, according to the latest data, the altcoin saw a 12.28% increase in the previous seven days. Moreover, it recorded an improvement of 25.77% last month.
Overall, these four altcoins have strong fundamentals in the cryptocurrency world. Provided they maintain this, they represent a good buy at the start of 2024. However, it is important to do one’s own research and weigh one’s individual risk tolerance before investing in any of these.
The opinions and predictions in the article belong to experts and analysts and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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