Dogecoin (DOGE)
Dogecoin (DOGE) has been making headlines lately, with a significant increase in derivatives trading volume. This has had a profound impact on the memecoin, with short positions against the price reaching an impressive $718.23 million. On the other hand, long positions in favor of the price increase totaled $627.60 million. The movement of Dogecoins out of stagnant wallets and the spike in activity from dormant holders are also indicating a potential change in price direction and big money interest. At the time of publication, DOGE was priced at $0.08, showing a 2.20% increase over the past 24 hours.
Hedera (HBAR)
Hedera (HBAR) is a cryptocurrency that constantly seeks upgrades and projects to improve its blockchain technology. Recently, there was an announcement of approval for a proposal that enhances the interaction between developers and users with smart contracts on Hedera. This positive development is expected to make HBAR a potentially lucrative investment option in the coming week. Currently, HBAR is priced at $0.06, indicating a rise of approximately 0.78% within the last 24 hours.
VeChain (VET)
VeChain (VET), the native cryptocurrency of the VeChain network, has gained attention from cryptocurrency investors. The surge in holders can be attributed to VeChain’s ongoing Coinbase Learn program and Coinbase’s decision to support VET and other VeChain tokens. This increased adoption has resulted in nearly 160,000 new addresses joining VeChain since November 1. As of now, VET is valued at $0.02, reflecting an increase of approximately 1.18% in the past 24 hours.
Hot Take: Promising Cryptocurrencies Under $0.10 for the Upcoming Week
As the cryptocurrency market continues to surge, several cryptocurrencies priced under $0.10 show promise for potential investors in the upcoming week. Dogecoin (DOGE), with its significant increase in derivatives trading volume and movement of coins out of stagnant wallets, presents an interesting opportunity. Hedera (HBAR), known for its continuous upgrades to its blockchain technology, could also be a lucrative investment option. Finally, VeChain (VET) has seen increased adoption and support from Coinbase, making it an attractive choice. Keep an eye on these cryptocurrencies as they may provide potential profit opportunities.
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