cryptocurrencies: As major cryptocurrencies begin to increase in value and reach their past high levels, other smaller cryptocurrencies are also going up in value. They are joining in on the increase, with many of them showing gains recently.
Finbold’s study of the cryptocurrency market has found three digital currencies that are notable because of recent price changes, increased attention from investors, or big improvements.
These choices are good investments for next week, especially for people who want to buy coins or tokens for less than 10 cents each.
Dogecoin (DOGE)
Dogecoin (DOGE), a very famous meme coin supported by Elon Musk and his social media platform X, which will accept it as payment later, seems likely to keep doing well.
People are hopeful that Dogecoin will do well soon.
This hope comes from a thorough study that shows prices might go up soon, especially because a recent pattern shows things are looking up.
Also, there’s a strong upward trend expected to continue, with signs of a big increase in the next three months. Together, these points suggest Dogecoin will do well soon.
When this information was released, DOGE’s price was $0.0817. It had gone up by 2.03% in the last day. Over the past week, it increased by 2.59%, and in the last month, it rose by 3.85%.
Terra Classic (LUNC)
The latest changes in the price of Terra Classic (LUNC) have moved it close to being among the top 100 cryptocurrencies by value, and it might enter this group soon.
This increase might be because a new rule (called 12033) was accepted. It says that all people who create stuff on the first level (L1) of the network have to follow certain rules to prove who they are (KYC). This rule helps make the network better by letting outside developers help out, but it also makes sure the network is safe from any dangers.
The Relative Strength Index (RSI) is at 50.57, showing that LUNC’s market status is neutral, which is interesting considering its latest price changes. This neutral state follows a period where LUNC had 15 days of price increases out of the last 30 days, making it a balanced 50% rate of positive days.
Right now, LUNC’s price is $0.0001096. It went down by 0.11% in the last day, but it went up by 15.61% in the last week. This is complicated because it also went down by 8.36% in the last month.
Despite a yearly decrease in its value by 3.60%, LUNC has impressively climbed back into the list of the top 100 cryptocurrencies based on their market size. Its market value has increased by almost $90 million in just the last week, and this rise seems not to be influenced by the recent news about Do Kwon.
Flare (FLR)
Flare (FLR) is becoming popular again as a digital currency. This is mainly because the people working on it have made it work better. This has resulted in good results for Flare, showing that it has a bright future.
The recent destruction of these online assets, approved in October and again on February 8, aims to stop the decrease in value of the community’s tokens and encourage new users to join the network.
These burns have good results because the digital asset’s price went over 3 cents and its total value passed $1 billion.
When reported, FLR’s price was $0.02906, which is a 0.98% drop in the last day. But, it has gone up by 23.24% in the last week and 65.06% in the past month.
The asset has been trading higher than its 200-day average, showing a steady increase in its price. In the last 30 days, the price ended higher than it started on 17 days. This means that on about 57% of the days, the price went up, highlighting a pattern of good daily performance recently.
As the market gets better, alternative cryptocurrencies are expected to increase in value. But, it’s key to remember the market can be unpredictable and investing comes with risks. Investors should do a lot of research to lower these risks.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
