Altcoins to Consider for January 2024
As we approach January 2024, the cryptocurrency market is filled with renewed optimism. Investors are hoping for further gains and friendlier regulations, particularly in the United States. Bitcoin (BTC) and other altcoins have been making notable progress recently.
Dogecoin (DOGE)
Dogecoin (DOGE) has seen a rise in the number of accounts holding over $1 million worth of DOGE in the past year. Currently, there are 718 accounts holding over $1 million and 107 addresses possessing over $10 million worth of DOGE. The price of Dogecoin has increased by 1.45% in the last 24 hours, 0.53% in the previous seven days, and 14.96% in the past month, currently trading at $0.09.
Shiba Inu (SHIB)
Shiba Inu (SHIB) is also experiencing gains as its team reportedly works on establishing the ‘.shib’ domain with internet domain service D3. If it closes above $0.000011 for the week, it could see further growth. Currently, Shiba Inu is priced at $0.0000105, with a daily increase of 2.54%, a weekly increase of 10.43%, and a monthly increase of 21.17%.
Hedera (HBAR)
Hedera (HBAR) is showing promise due to its partnership with South Korean automotive giants Kia and Hyundai to introduce a CO2 emission monitoring system. It has also announced joint efforts with the United Nations on addressing climate change. Hedera’s price is currently at $0.088, with a daily increase of 10.28%, a weekly increase of 12.67%, and a monthly increase of 31.08%.
Bonk (BONK)
Bonk (BONK) is a trending meme cryptocurrency that has seen a significant increase in price and market capitalization after being introduced on the Coinbase trading platform. Bonk is currently trading at $0.00002036, with a daily increase of 5.23%, a weekly increase of 93.69%, and a monthly increase of 311.31%.
Conclusion: Altcoins with Potential
The altcoins mentioned above have shown significant potential for future price increases. However, it is crucial to conduct thorough research before investing in them in January 2024. Stay informed about the latest developments and sentiment surrounding these altcoins to make informed investment decisions.
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