Expert Opinion: These 3 Altcoins Are Attractive for a Strategic Entry!
According to crypto expert Vahid Karaahmetovic, amid the volatility inherent in the cryptocurrency market, a distinct window of opportunity opens for investors looking for strategic entry points. The expert says that 3 altcoin projects currently attract attention with prices below $0.10. According to experts in this direction, these tokens are promising and potentially attractive for investors.
First ranked altcoin: Verasity (VRA)
Verasity (VRA) is an open ledger ecosystem developed to combat ad fraud and offer open access to infrastructure for publishers and advertisers using artificial intelligence (AI), machine learning (ML) and Blockchain technologies. According to CoinCodex data, the price of the token has increased by 27% in the past year. Additionally, it outperformed 82% of the top 100 cryptocurrencies during this time.
The altcoin recorded 15 green days (50%) in the last 30 days. Additionally, it has strong liquidity relative to its current market capitalization. Currently, VRA is trading at a 95% discount to its all-time high. This underscores upside potential should the broader crypto market recover. On the other hand, investors need to be wary of the token’s volatility, which is currently around 18%. At the time of writing, VRA was trading at $0.004583, up 1.8% in the last 24 hours. Meanwhile, last week the token lost over 20% in value. However, its monthly performance remains strong with gains of over 14%.
VRA 1 month price chartIn second place is the popular meme coin Dogecoin (DOGE)
The biggest meme coin, Dogecoin (DOGE), has been trading in a limited range in recent weeks. So it has been struggling to make a big price breakthrough lately. Besides its price, DOGE’s daily transactions are also in a downward trend. Currently the daily average is around 37,000. This shows that investor activities have decreased. Despite this, analysts at IntoTheBlock are predicting a possible increase in Dogecoin transfers. This means the continuation of the upward trend for the altcoin.
Meanwhile, Kabosu, the Japanese Shiba Inu dog who inspired the development of the Dogecoin meme and the DOGE cryptocurrency, is getting his own statue in Sakura, Japan, next month. The move follows a fundraiser for the statue last year. Additionally, some suggest that this event will reignite interest in DOGE. DOGE was changing hands at $0.05785 at the time of writing. Additionally, it increased by 0.24% on the day. But over the past week and month, it has fallen about 5.5%. As you follow from Kriptokoin.com, Dogecoin inventor Billy Markus criticized the Dogecoin community for its lack of productivity. He also added that development for the DOGE Blockchain only causes “pain and stress.” Markus’ statements are negative. However, it is also possible that it will encourage developers to increase their efforts and introduce new projects on Blockchain.
DOGE 1 month price chartLast ranked altcoin: Sweat Economy (SWEAT)
Sweat Economy, commonly known as SWEAT, is an altcoin project that evolved from the well-known fitness app Sweatcoin. Sweatcoin, which entered the market in 2016, has successfully attracted a user base of over 110 million worldwide. Its primary mission is to provide users with rewards for their daily physical efforts. Thus, it aims to promote and support healthier living. Currently, SWEAT is the third most trending altcoin on CoinCodex, behind Loom Network (LOOM) and XRP.
At its current market price, the token is trading above its 200-day simple moving average (SMA). Additionally, its price has risen 67% in 20 trading days over the last 30 trading days. On the other hand, SWEAT has some risks, such as high volatility and underperformance compared to other top 100 cryptocurrencies. However, if SWEAT manages to attract the attention of the wider crypto audience, its current price may actually turn out to be a limited discount offer. The altcoin was trading at $0.01 at the time of writing. Additionally, it increased by 0.68% in the past day. However, it fell 2.5% on a weekly basis. On the other hand, it increased by over 40% on the monthly chart.
SWEAT 1 month price chartThe opinions and predictions in the article belong to the expert and are definitely not investment advice. We strongly recommend that you do your own research before investing.
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