A tumulous week is behind us, as Bitcoin (BTC) went under the $39,000 threshold, signifying increasing pressure from selling, and as maiden crypto suffered, so did altcoins. However, this might be a potential opportunity for investors to ‘buy the dip.’
Finbold’s cryptocurrency market analysis has pinpointed three digital assets that have distinguished themselves through recent price fluctuations, increased investor attention, or notable development efforts.
These selections present appealing investment opportunities for the upcoming week, particularly for investors seeking entry points below $0.10 per coin or token.
Picks for you
VeChain (VET)
VeChain (VET) is a digital asset based on a platform looking to evolve and constantly bring innovation to the app sector.
Establishing a sustainable foundation for environmentally friendly decentralized applications (dApps) is imperative for contemporary enterprises endeavoring to transform digitally in the 21st century.
VET introduced an era of X-2-Earn applications driven by Web3 technology, wherein tokens are the foundational element within the next-generation business ecosystems, as announced on January 25.
At the time of press, VET was trading at $0.02711, marking an increase of 1.12% in the previous 24 hours, contrary to the losses of -5.21% incurred over the last week and -27.96% over the past month.
Kaspa (KAS)
Kaspa (KAS), which bears some features similar to Bitcoin, has started to ascend and might be poised for a breakthrough.
Whenever there was an attempt at a bearish cross (20-day moving average intersecting below the 50-day moving average) in the KAS/BTC pairing on the 2-day chart, it triggered a notable and dynamic market movement, as per a post on X from crypto analyst Simo Gattok on January 24.
At the time of writing, KAS was trading at $0.1007, gaining 2.90% in the previous 24 hours while losing -1.01% in the last 7 days and -4.77% in the previous month.
Oasis Network (ROSE)
Oasis Network (ROSE) recently surpassed the threshold of $0.15 but has since retraced, offering the investors the ‘buy the dip’ opportunity and showcasing the potential for surge at the same time.
Investors are seeking a stabilization and sustained presence within the 0.086c support zone, which is crucial for maintaining this level’s bullish sentiment, as per a post from a cryptocurrency expert, Crypto Tony, on January 26.
At the time of reporting, ROSE was trading at $0.1003, gaining 0.95% the previous day, losing -5.36% in the past week, and decreasing -24.95% over the last month.
While these digital assets are mostly treading the $0.10 threshold, they have showcased some promising technical indicators, prompting us to include them in this week’s recommendation.
However, traders should conduct necessary research and thus minimize risks when investing their resources.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
