The approval of spot Bitcoin ETFs by the SEC has changed the cryptocurrency market positively as most of the digital assets are seeing gains. At the same time, there have been some declines that present potentially lucrative opportunities for investors. Crypto expert Elmaz Sabovic shares 3 altcoins that provide attractive investment opportunities for investors next week.
At the top of the list is the popular meme coin Shiba Inu (SHIB)
Its developers’ commitment to Shiba Inu (SHIB) continues. We witnessed the latest example of this when they burned 9.35 billion SHIB. They did this burning with the aim of increasing the price of this digital asset above the $0.00001 threshold. Thus, they managed to remove one zero. Shiba Inu’s latest cremations mark the fifth SHIB cremation initiative in the ecosystem fueled by gas fees on Shibarium, a layer-2 network scaling solution, according to SHIB representative Lucie.
As of press time, SHIB recorded a 2.50% gain in the past week and a 7.97% gain in the past month. However, the altcoin was trading at $0.00001007, a decline of 0.66% in the last 24 hours.
Second ranked altcoin: Hedera (HBAR)
Hedera (HBAR) has an ever-growing collaboration and application network. Accordingly, Hedera has exhibited some positive technical indicators recently. A daily chart shows a rising top candle, indicating potential bullish momentum for the day. In particular, the RSI on the daily chart is promising. Additionally, the MACD is further supporting positive sentiment with a ‘bullish-cross’. One notable development on the 4-hour chart is the close above the critical 200-day Moving Average, which highlights the strength of the market, according to crypto analyst Crypto Troll on January 12.
Meanwhile, at the time of writing, HBAR was trading at $0.08316, down 0.15% from the previous day. Additionally, the altcoin recorded a 2.22% decline in the last 7 days and a 13.28% gain in the past month.
There is a meme coin in the last place: Dogecoin (DOGE)
cryptokoin.comAs you follow from , the peer-to-peer transactions announced by Elon Musk on X were recently approved. This development positively affected the Dogecoin (DOGE) price. Following this announcement, the community’s optimism also increased. The community sees high possibilities in DOGE integration due to Musk being a Dogecoin supporter. This optimism was immediately evident when the altcoin price increased by 7.62% in January. Meanwhile, DOGE gained 0.34% in the last 24 hours and 0.45% in the past week. With this, DOGE saw a loss of 13.35% on the monthly chart. The altcoin was currently trading at $0.08398.
It is not yet clear whether this ongoing crypto rally will bring further gains to assets other than Bitcoin (BTC). However, renewed investor confidence is likely to be a catalyst for multiple cryptocurrencies.
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 and risk assessment before investing.
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