This week, Bitcoin fell below the $39,000 threshold, indicating that selling pressure has increased. A turbulent week has passed, in which altcoins were also damaged along with the leading cryptocurrency. However, according to crypto analyst Elmaz Sabovic, this could be a potential opportunity for investors to ‘buy the dip’. The analyst is turning the spotlight on three top 3 altcoin projects that stand out due to recent price fluctuations, increased investor interest, or significant development efforts. According to the analyst, these emerge as attractive investment opportunities for investors in the coming week.
VeChain (VET) is in first place
VeChain (VET) is a platform-based altcoin that aims to evolve and bring continuous innovation to the application industry. It creates a sustainable basis for environmentally friendly decentralized applications (dApps). This is imperative for contemporary businesses trying to transform digitally in the 21st century. As VET announced on January 25, it has ushered in the era of X-2-Earn applications driven by Web3 technology, where tokens are the core element in next-generation business ecosystems. At the time of writing, VET was trading at $0.02711. The token has seen an increase of 1.12% in the last 24 hours. However, it lost 5.21% last week and 27.96% last month.
Second ranked altcoin: Kaspa (KAS)
Kaspa (KAS) has some features similar to Bitcoin. Thanks to this, it started to rise. Moreover, he is probably ready for a new breakthrough. According to crypto analyst Simo Gattok, whenever a downtrend (20-day moving average crosses below the 50-day moving average) is seen in the KAS/BTC pairing on the 2-day chart, it triggers a notable and dynamic market movement.
Meanwhile, at the time of writing, KAS was trading at $0.1007. Altcoin gained 2.90% in value in the last 24 hours. However, it lost 1.01% in the last 7 days and 4.77% in the previous month.
Last ranked altcoin: Oasis Network (ROSE)
Oasis Network (ROSE) recently broke the $0.15 threshold. However, it has since withdrawn. Thus, it gave investors the opportunity to ‘buy the dip’. It also demonstrated the potential for a new surge. According to Crypto Tony, a cryptocurrency expert, stability in the 0.086c support zone is needed, which is crucial for this level to sustain the uptrend.
Meanwhile, at the time of writing, ROSE was trading at $0.1003. The altcoin gained 0.95% in value the previous day. However, it lost 5.36% in value last week and 24.95% in the past month.
While these altcoins mostly surpassed the $0.10 threshold, they showed some promising technical indicators. With this percentage, they deserved to be included in this week’s list. However, it is imperative that investors do the necessary research. This enables them to minimize risks while investing their resources.
The opinions and predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing.
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For the rest of the article, Analyst: Here are 3 Altcoins You’ll Want to Have in Your Basket Next Week!