As the current week draws to a close and next week approaches, some assets in the cryptocurrency space have slowed their previous gains slightly. But others are still going strong. Some still offer entry at prices below $1 per token. Crypto expert Ana Zirojevic analyzes the crypto world and shares three altcoins that could be among the best buying options for crypto traders and investors.
First in line is Fetch.ai (FET), an artificial intelligence coin
Fetch.ai (FET) briefly hit a new yearly high. Thus, the altcoin reached the peak of its significant growth in 2023. It has caused a stir among traders, including analyst Crypto Tony, who believe the recent uptrend is just the beginning.
Fetch.ai price action analysis. Source: Crypto TonyAt the time of writing, FET was changing hands at $0.6693. According to the latest data on December 14, it increased by 13% during the day. In addition, the altcoin recorded an increase of 32.10% in the previous week. Moreover, FET showed a spectacular progress of 75.55% last month.
Fetch.ai 7-day price chart. Source: CoinMarketCapLeading altcoin rival Cardano (ADA) comes in second place.
Meanwhile, one of the digital assets that has recorded the highest gains in recent days is Bitcoin, which has skyrocketed over 65% since the sudden drop in small wallets four weeks ago, recording a 1.5-high as volume, sentiment and discussion ratios hit their highest levels in 2023. It became Cardano (ADA).
Cardano volume, sentiment and social dominance. Source: SantimentAt the time of writing, Cardano’s price was at $0.6541. The altcoin recorded a 12% increase on a daily basis. According to the latest data on December 14, ADA saw a 49.5% rise on the weekly chart. Additionally, Cardano has gained 75.5% over the past month.
Cardano 7 day price chart. Source: CoinMarketCapLast ranked altcoin: Algorand (ALGO)
As you follow from Kriptokoin.com, Algorand (ALGO) has partnered with the United Nations Development Program (UNDP) to establish a UN Blockchain Academy. It looks promising, especially after this development. Moreover, as Santiment noted, its social dominance increased in 2023 along with Cardano and Solana (SOL).
Algorand social dominance. Source: SantimentAccording to current information, Algorand was trading at $0.2095 at the time of writing. This indicates an increase of approximately 10% in the last 24 hours. Moreover, the altcoin has shown a significant growth of 32% in the last seven days. ALGO also improved by 57.8% on its monthly chart.
Algorand 7-day price chart. Source: CoinMarketCapOverall, the above cryptocurrencies that can be purchased for under $1 really show great potential for further gains. Therefore, it may be profitable to purchase them sooner rather than later. However, it is possible for things to change suddenly in this sector. Therefore, it is very important to do one’s own research and risk analysis.
The opinions and predictions in the article belong to the expert and are definitely not investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.
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