Although the majority of assets in the cryptocurrency market are back to trading in a sideways fashion, some of them might have solid foundations to be a good buy in the week to come, with some still available at the low entry price of below $0.10 per wholecoin.
With this in mind, Finbold has analyzed the sector and arrived at a list of three cryptocurrencies that have stood out for their price activity, development efforts, and community in recent weeks and, therefore, represent an attractive investment opportunity for the following days.
Kaspa (KAS)
Not only has the proof-of-work (PoW) ecosystem Kaspa (KAS) captured the interest of investors with exceptionally fast 1-second block times, but also the rapid release that has seen more than 72% of its supply already circulating despite mainnet being less than two years old – all of which is adding to its growing appeal.
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As a result, the price of its coin has managed to gain an impressive 834% since the year’s turn, increasing 34.5% in just the last month alone, although its advances have slowed down in the past week, growing 0.72% during this period, with a marginal loss of 0.07% on the daily chart.
Verasity (VRA)
Meanwhile, the cryptocurrency of the emerging open ledger ecosystem Verasity (VRA) could be on the verge of a massive spike following one of the largest burns in the crypto industry, involving 10 billion VRA, as well as considering its team’s efforts in developing its core business.
Despite declining 6.86% on the day, VRA is recording significant gains of 32.11% on its weekly chart, as well as advancing 39.78% across the past month, adding up to the 159% growth since the start of 2023, as per the latest data retrieved on October 6.
TRON (TRX)
Finally, TRON (TRX) might be in a tight spot in terms of its price in recent days, but its announced collaboration with Google Cloud’s expanding blockchain could spell recovery next week. Specifically, TRON DAO has disclosed that the aim of the integration of TRON into the Google Cloud was to bring more adoption to the network.
At press time, TRON was changing hands at the price of $0.0869, recording a decline of 2.61% in the last 24 hours and dropping 1.79% across the previous seven days but still holding onto the monthly gains of 12.02% and a year-to-date (YTD) increase of 60%, as the most recent charts suggest.
Conclusion
Indeed, the above cryptos have demonstrated strong fundamentals in recent months and, despite temporary setbacks for some of them, suggest that further increases await in the week starting on October 9. That said, the situation in this sector can sometimes be volatile, which is why it is important to do one’s own research and weigh risks before investing.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
