While January 2024 is fast approaching, the cryptocurrency sector is increasingly looking at closing the year on a bullish note, altcoins included, led by the example of the flagship decentralized finance (DeFi) asset, which has returned above the important psychological level at $44,000.
In this context, Finbold has analyzed the sector to provide a list of four altcoins, i.e., cryptocurrencies other than Bitcoin (BTC), that are demonstrating strength at the end of 2023 and which, therefore, represent a good buying opportunity. Moreover, they are still available under the price of $10 per wholecoin.
#1 Helium (HNT)
As it happens, Helium (HNT) has shaken up the telecom market with the launch of its Helium Mobile decentralized wireless network that offers a $20/month unlimited cell phone plan in the United States and non-fungible token (NFT) rewards, consequently propelling the price of its native token.
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Currently, this crypto asset is trading at the price of $7.97, which is a 12.91% drop in the last 24 hours but still represents an increase of 27.85% across the previous seven days, in addition to a massive gain of 265.96% in the past month, according to the latest data.
#2 Stacks (STX)
Meanwhile, Stacks (STX) has ended up among the three top trending tokens on social media, alongside Solana (SOL) and NEAR Protocol (NEAR), according to rising social volumes. In addition, positive comments by venture capitalist Tim Draper have pushed the native token of the Stacks network higher.
Indeed, STX was at press time changing hands at the price of $1.45, down 2.87% on the day but nonetheless recording a significant increase of 33.25% across the week and an impressive advance of 131.61% on its monthly chart, according to the recent information.
#3 Cardano (ADA)
Furthermore, as for Cardano (ADA), it has continued to make efforts to evolve the ecosystem and educate the public, with one of its most recent announcements revealing a partnership with Brazil’s oil giant Petrobras to provide blockchain education and explore technology use cases in the energy sector.
As things stand, the current price of Cardano amounts to $0.60, recording a daily drop of 0.15% and losing 4.79% in a week, albeit making a much more significant upward movement of 60.28% in the previous 30 days, as per the most percent chart data on December 21.
#4 Fantom (FTM)
Finally, Fantom (FTM) is not just recording advances in price but also a bullish growth of its network, reflected in the steady increase of new addresses, suggesting a soaring demand for FTM, as per the analysis by crypto trading expert Ali Martinez shared in an X post on December 16, which could possibly continue in January 2024.
In the meantime, Fantom is presently changing hands at the price of $0.47, which indicates an increase of 8.97% on the day, in addition to advancing 10.49% across the week and gaining 53.39% in the past month, according to the most recent chart information.
Conclusion
All things considered, the above altcoins have shown substantial strength in recent weeks, suggesting a strong possibility of further continuation in the weeks to follow. That said, carrying out one’s own research and risk tolerance analysis is essential before investing in them in January 2024.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
