cryptocurrency The market is getting active as important cryptocurrencies are on the rise and moving towards their former peaks. Altcoins are also following this trend and many have increased recently. Finbold’s analysis of the cryptocurrency market identifies three digital assets that stand out thanks to recent price changes, increased investor interest and significant development steps.
These assets offer attractive opportunities for the coming week, especially for investors looking for a low entry price.
Dogecoin (DOGE)
Backed by Elon Musk and social media platform X, Dogecoin remains the most popular choice among meme coins. The rise of Dogecoin is expected, especially with the announcement that it will be used in future payments on the X platform. Analysis predicts a positive price movement for Dogecoin in the short term. In the long term, a significant upward trend has been determined. Dogecoin’s price is currently $0.0817 and has increased by 2.03% in the last 24 hours.
Terra Classic (LUNC)
Terra Classic is approaching the top 100 digital assets by market cap with its recent price movements. This rise can be attributed to the adoption of new KYC requirements aimed at improving network security. LUNC’s market position is recorded as neutral, having gained 15% in the last 30 days. LUNC is currently trading at $0.0001096 and although it is up 15.61% in the past week, it has experienced a slight decline in the last 24 hours.
Flare (FLR)
Flare is experiencing a revival thanks to the efforts of its development team. The final burns were carried out in order to prevent dilution of the token supply and encourage new users. Although FLR is down 0.98% in the last 24 hours at a price of $0.02906, it has made impressive gains of 23.24% for the week and 65.06% for the month. Flare’s price is consistently trading above the 200-day moving average, indicating a sustained uptrend.
The recovery these digital assets are experiencing in the market shows that altcoins are poised for further gains. Investors should research carefully, considering the risks that market volatility may present.
