Despite a significant list of positive developments for the crypto market coming out in recent months, many major cryptocurrencies have been experiencing a notable downturn in the opening weeks of 2024.
Still, while the prices are going down or have simply lost momentum compared to the final quarter of 2023 and are trading mostly sideways – such as the world’s foremost cryptocurrency, Bitcoin (BTC) – the industry is still rife with opportunity.
Additionally, the current trend is likely to reverse, at least temporarily, in a major way in a few month’s time as the Bitcoin halving is expected to take place and, looking at historical data, to take BTC and many other coins and tokens upward.
Picks for you
Still, the story of cryptocurrencies is not only one of Bitcoin, Ethereum (ETH), and other big names but also of the numerous small coins and tokens that can, and often have, make huge moves, and with that in mind, Finbold decided to look at the best digital assets below $0.10 to buy next week.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is one of the most recognizable “dog tokens” and one of the mainstays of the meme coin scene. It has captured the attention of traders many times and is now, according to a technical analysis (TA) indicator tracked by the prominent crypto expert on X, Ali Martinez, poised to surge significantly.
Additionally, the AI-driven predictive algorithms of CoinCodex also foresee a February rally for the cryptocurrency as they estimate that, in one month’s time, it will be worth $0.00003132 – 246.12% more than its current price of $0.000009049.
It should be noted, however, that such a surge would go against the current downtrend which saw the popular meme coin drop approximately 16% since the start of 2024.
Dogecoin (DOGE)
Being the original dog-themed meme coin, Dogecoin (DOGE) seldom fully slips from traders’ minds, and recent days have only given cause for renewed optimism about the cryptocurrency.
As of the penultimate day of January, DOGE saw a veritable surge in addresses – a spike of 1,100%, to be precise – hinting that investors are regaining optimism and enthusiasm for the dog coin and opening the possibility for a major uptick in volume and price.
Machine learning algorithms themselves also foresee a price rise for DOGE in all represented time frames, save for the coming 30 days. In the context of next week, the meme coin is expected to go from its press time price of $0.07951 to $ 0.081156.
Not unlike Shiba Inu, Dogecoin has been caught in the 2024 downturn and is, so far, down approximately 14.5%. Again, similar to SHIB, DOGE rose in the last 24 hours by approximately 1.05%.
Cronos (CRO)
Cronos (CRO), the platform token of the Crypto.com cryptocurrency exchange, has experienced a sudden and significant surge in late 2023, partially due to its integration with its Bring-Your-Own-Chain (BYOC) network.
While the surge was impressive and saw it swiftly rise from about $0.05 to nearly $0.11, it has since been caught up in the crypto market downturn. Much like the two cryptocurrencies previously discussed, it has declined by approximately 15% since the start of 2024 and rose 1.39% in the last 24 hours.
It, however, also appears poised to enter into a rally soon, with the predictive AI algorithms foreseeing it rise well above its current price of $0.08169 in all but the 6-month window.
It should be noted, however, that a pattern that sees an altcoin surge rapidly before entering a protracted period of decline is not uncommon, and it is, at the very least, as likely that Cronos will find a more stable footing below its current price as it is that it will find it above.
Floki Inu (FLOKI)
Floki Inu (FLOKI) is another standout meme coin that, along with being an interesting investment, serves a key role in its ecosystem when it comes to numerous Web3 features.
Recently,. Floki has been trading mostly downward along with the majority of the crypto market and is, since January 1, approximately 25% in the red. It is, however, slightly in the green in the last 24 hours as it rose 0.84% to $0.00002795.
The AI forecast for FLOKI is also mostly positive as the token’s 1-month rise is estimated at $0.00003087, and its 1-year rise at $ 0.00006017 – which would constitute a 116.52% upside compared to the value at the time of writing.
Generally, Floki Inu tends to trade with significant volatility but has, at least in the last 52 weeks, proven relatively forgiving for investors even if they don’t time their trades perfectly, given that is, in the time frame, actually 7% in the green.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
