Major cryptocurrencies are starting to rise and reclaim their previous highs. They come along for the ride as many of these have been trading in the green lately. Crypto analyst Elmaz Sabovic has identified three cryptocurrencies that stand out due to recent price changes, increased investor interest or significant development steps. These provide attractive investment opportunities for investors looking for entry opportunities below $0.10.
In first place is the popular meme coin Dogecoin (DOGE)
Arguably the most popular meme coin, Dogecoin (DOGE), backed by Elon Musk and his platform There is optimism regarding Dogecoin’s performance in the near future. This optimism stems from detailed analysis showing that positive price movement is on the horizon. Additionally, it appears with a new formation that indicates an upward trend.
In addition, there are indications of a significant rise expected within the next three months as well as a long-term upward trend. Collectively, this information provides a promising outlook for Dogecoin in the near term.
Terra Classic (LUNC), loved by Turks, is also included in the list.
Recent price movements for Terra Classic (LUNC) have brought this altcoin near the top 100 digital assets by market cap. Additionally, the token has the potential to enter this group soon. This increase may be due to the recent approval of proposal 12033 to implement Know Your Customer (KYC) requirements for all L1 developers. This decision increases development on the chain by involving third-party developers while prioritizing security measures to reduce potential risks to the network.
Meanwhile, the relative Strength Index (RSI) is stable at 50.57. This figure indicates a neutral market position for LUNC. LUNC has had 15 gains in the last 30 days. During this period, the token recorded an excellent rise of 50%. However, with an annual inflation rate of negative 3.60%, LUNC has significantly re-established its position among the top 100 cryptocurrencies by market cap. This resurgence has pushed its market value up nearly $90 million in the past week alone. The latest developments regarding Do Kwon were also effective in this.
The last cryptocurrency: Flare (FLR)
Flare (FLR) is experiencing a resurgence as one of the digital assets, largely due to efforts to improve the performance of its development team. This development points to a promising trajectory for the cryptocurrency. These developments therefore led to strong numbers for Flare. The final burns of these digital assets, which were approved in October and most recently on February 8, serve the purpose of preventing dilution of community token holdings and increasing incentives for new users to join the network. The token recently crossed the $0.03 threshold. Thus, it reached a market value exceeding $1 billion. Therefore, these burning activities yield positive results.
Meanwhile, the token is consistently trading above its 200-day simple moving average. Thus, it indicates a sustained upward trend in cryptocurrency price movement. Over the last 30 days, there have been 17 instances of positive price movement where the daily closing price exceeded the daily opening price. This accounts for approximately 57% of the trading days in the period. It also highlights a widespread trend of positive daily performance during this period.
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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