Black Friday is the time of the year when many people go into a shopping frenzy as the deals on goods and services become too good to miss, and the cryptocurrency market, while not directly participating, can sometimes feel the effect of shoppers’ heightened excitement.
With this in mind, Finbold has analyzed the cryptocurrency sphere to arrive at the list of three digital currencies that might be a great buy this Black Friday, should investors feel inclined to spend their money not just on game consoles and spa treatments but also on crypto assets with good potential.
KuCoin (KCS)
Indeed, one of the rare digital assets currently not recording losses is the native token of the crypto exchange KuCoin (KCS). Specifically, it might have something to do with Kucoin listing KlubCoin (KLUB), a utility token allowing users to pay for drinks, get rewards, tip, book tables, or even earn experiences at the world’s largest venues.
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It is also worth noting that the artificial intelligence (AI) algorithms deployed by the crypto analytics website CoinCodex predict that KuCoin’s token will grow its price after this Black Friday and might end up changing hands at the price of $11.38 in six months, as per data on November 17.
Meanwhile, KCS was at press time trading at $6.2409, which represents an increase of 0.12% in the last 24 hours, adding up to the 2.27% gain across the previous seven days and a more significant advance of 40.37% on its monthly chart, according to the latest information.
Dogecoin (DOGE)
Furthermore, the next crypto asset boasting a bullish sentiment amid a market-wide slowdown is Dogecoin (DOGE), soaring upon the news that the Dogecoin team plans to send a physical token to the moon in a December mission by lunar payload transporter Astrobotic.
Not only that, but AI-based algorithms are bullish as well, albeit not as much in the near future, predicting Dogecoin at $0.1896 in six months’ time, which would represent an increase of 125.45% to the famous dog meme token’s price at the time of publication.
As for the current price of DOGE, it is standing at $0.0841, rallying 4.10% in a single day, in addition to advancing 12.60% across the past week and as much as 42.93% across the previous month, according to the most recent data retrieved by Finbold.
Shiba Inu (SHIB)
Finally, Shiba Inu (SHIB) might not have recorded gains on its daily chart, but its critical metric, its burn rate, has skyrocketed by 1,272% in the last 24 hours, having destroyed more than 105 million SHIB tokens, potentially increasing its scarcity and value in the longer term.
Additionally, CoinCodex’s AI algorithms have set the price of Shiba Inu at $0.00001425 (an increase of 60.91% from its present price) in six months, as they predict its steady and continuous climb after Black Friday on November 24, as the platform’s charts demonstrate.
Indeed, Shiba Inu’s price at present amounted to $0.000008856, indicating a decline of 1.28% in the last 24 hours but still holding onto the 6.19% gain across the previous seven days and the 28.13% growth accumulated on its monthly chart, according to the data retrieved on November 17.
Conclusion
All things considered, the above assets have demonstrated strength and capability to record further gains in the months to come, and AI algorithms agree. However, carrying out one’s own research and risk analysis is essential before investing in any of them.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
