Bitcoin broke through key resistance zones and rose above the $52,000 threshold. Thus, the broader cryptocurrency market is also starting to benefit from its gains. Crypto expert Elmaz Sabovic selects 6 altcoins that have recently experienced notable price changes, increased investor interest or significant developmental advances. These tokens offer attractive investment opportunities for investors looking for entry opportunities under $0.01.
In first place is the popular meme coin Shiba Inu (SHIB)
Shiba Inu (SHIB), one of the most popular meme coins, has experienced a significant price increase, which can be justified by the increasing number of transfers on its network, Shibarium. Daily transactions rose from about 530,000 on Feb. 9 to nearly 1.8 million on Feb. 14, according to Shibariumscan data. This represents a significant increase of approximately 240% in just a few days.
Shibarium aims to support the Shiba Inu ecosystem by providing a scalable and efficient infrastructure for decentralized applications (dApps), including those involving SHIB transactions. Therefore, the increasing number of transactions indicates increased usage and participation within the ecosystem.
Second ranked altcoin: SATS (1000SATS)
SATS (1000SATS) is a digital token created to commemorate the legacy of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. SATS, named after Bitcoin’s smallest unit known as ‘satoshi’, operates in the BRC-20 standard.
The token increased by over 10% in the previous week. SATS price has stabilized between $0.0000004665 and $0.0000005000 for about a week. Later, increased market volatility led to a break below the support level. However, SATS experienced a breakout in the early trading hours yesterday. It later bounced back and brought its price to the current level of $0.0004778. Technical indicators for SATS, particularly the MACD, display a rising green histogram. This indicates increasing buying pressure for this digital asset in the market.
We continue the list with BitTorrent (BTT)
BTT serves as a native token in the BitTorrent-New ecosystem. It is primarily used to reward contributors. Additionally, it is possible for participants to use this token to purchase various products and services available on the platform. BTT has a circulating supply of 932 billion tokens. Additionally, the altcoin has a market value of $788 million. The BitTorrent technical community recently started discussions on the BTIP-51 proposal.
BTIP-51 proposes a groundbreaking concept. This is integrating file metadata into Blockchain. This innovative proposal aims to transform data storage by strengthening security measures and promoting decentralization within the network. At the time of writing, BTT was trading at $0.00000108, up 9.5% on a daily basis.
Terra Classic (LUNC), loved by Turkish investors, is also on the list
Terra Classic (LUNC) recently re-entered the top 100 cryptos by market cap. Additionally, it is preparing to reach another important milestone by burning 100 billion LUNC tokens. According to the latest data from Terra Classic analytics platform LUNC Metrics on February 14, the Terra Classic community is on the verge of burning 100 billion native tokens.
This joint effort aims to reduce the supply of tokens in circulation. As the supply decreases, the price increases. LUNC gained over 10% on its weekly chart.
Fifth ranked altcoin: eCash (XEC)
eCash (XEC) represents the rebranded iteration of Bitcoin Cash ABC (BCHA), which emerged as a fork of both Bitcoin and Bitcoin Cash (BCH). Positioned as “a cryptocurrency designed to be used as electronic cash,” eCash emphasizes its role as a medium of exchange to facilitate purchases of goods and services.
eCash has taken important steps with its integration into platforms such as Crypto.com. Thus, it has experienced significant growth as a payment solution. It has also established strategic partnerships with organizations in the industry, including eCash, Binance Labs and Bitcoin.com. With increasing adoption and visibility, the price of XEC continues to rise. The altcoin saw an increase of over 7% on its weekly chart. Additionally, XEC remains above its 200-day moving average. This shows that it has returned from the oversold zone. Moreover, it shows bullish potential as last month had 17 green days.
Last ranked altcoin: Siacoin (SC)
Siacoin (SC) serves as the native token of the Sia Blockchain. Additionally, Sia plays an important role in facilitating transactions and interactions within the crypto network. Sia leverages the capabilities of decentralized Blockchain networks. Thus, it aims to democratize cloud storage and increase the adaptability of cloud services. Moreover, while doing all this, it aims to reduce costs for users. The development team pursues grants, partnerships and agreements with companies seeking creative and innovative solutions. Thus, Sia is constantly trying to upgrade the solid foundation of its network.
Meanwhile, SC was trading at $0.01071, up 6.5% on its weekly chart at the time of writing. Technical indicators for SC reveal bullish expectations with a ‘strong buy’ rating of 16. The moving averages are also leaning towards the same view with 14 levels. However, oscillators remain neutral due to 8 indicators.
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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