Altcoins to Watch for in January 2024: A Bullish Year-End
As we approach January 2024, the cryptocurrency market, including altcoins, is showing signs of ending the year on a bullish note. One standout example is the flagship decentralized finance (DeFi) asset, which has surpassed the crucial psychological level of $44,000. If you’re looking for potential buying opportunities, Finbold has compiled a list of four altcoins that have demonstrated strength and are still available at prices below $10 per wholecoin.
#1 Helium (HNT)
Helium (HNT) has disrupted the telecom market with its launch of Helium Mobile, a decentralized wireless network that offers an unlimited cell phone plan for $20/month in the United States. The native token of Helium has seen significant price growth, currently trading at $7.97 with a 27.85% increase in the past seven days and a massive gain of 265.96% in the last month.
#2 Stacks (STX)
Stacks (STX) has gained attention on social media as one of the top trending tokens alongside Solana (SOL) and NEAR Protocol (NEAR). Positive comments from venture capitalist Tim Draper have also contributed to the rise in STX’s value. At present, STX is priced at $1.45, recording a 33.25% increase over the week and an impressive advance of 131.61% on its monthly chart.
#3 Cardano (ADA)
Cardano (ADA) continues to make strides in evolving its ecosystem and educating the public. A recent partnership with Brazil’s oil giant Petrobras aims to provide blockchain education and explore technology use cases in the energy sector. ADA’s current price stands at $0.60, experiencing a daily drop of 0.15% and a 4.79% loss over the week. However, it has made a significant upward movement of 60.28% in the previous 30 days.
#4 Fantom (FTM)
Fantom (FTM) not only demonstrates price growth but also shows a bullish expansion of its network, with an increasing number of new addresses. This suggests a rising demand for FTM, which could potentially continue into January 2024. Currently priced at $0.47, Fantom has seen an 8.97% increase in value on the day, a 10.49% gain over the week, and a 53.39% surge in the past month.
Conclusion
These four altcoins have exhibited significant strength in recent weeks, indicating a high possibility of continued growth in the coming weeks. However, it is crucial to conduct your own research and analyze your risk tolerance before investing in these altcoins in January 2024.
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