Certain cryptocurrencies are entering a bullish phase as the week draws to a close, while others offer appealing investment prospects.
Finbold has scrutinized the crypto market to compile a list of three digital assets that have recently distinguished themselves through price movements, increased investor interest, or notable development efforts.
These options present attractive investment opportunities for the upcoming week, especially for investors seeking an affordable entry point of under $0.10 per token.
VeChain (VET)
VeChain (VET) is a well-received cryptocurrency priced under $0.10. This supply-chain-focused project is actively engaged in environmental and climate change initiatives, utilizing its native token to facilitate the settlement of smart contracts across the VeChain network.
Per data retrieved from VeChain Stats on December 8, the number of VET holders exceeded a significant milestone of 900,000. This marks an important milestone in the increasing popularity and reliance on this digital asset.
VeChain is priced at $0.0262 as of the time of writing, showcasing a price increase of 5.78% in the past 24 hours and gains of 15.27% on the weekly chart, adding to the monthly gains of 17.20% in the past month, as per data from December 8.
Hedera (HBAR)
Gaining significant recognition through its partnerships with automotive giants Kia and Hyundai in the blockchain project, Hedera (HBAR) has become a focal point for crypto investors globally, presenting investors with another potentially profitable opportunity.
Another important partnership formed by HBAR is with the UN; in a notable effort to address climate change, the United Nations Framework Convention on Climate Change (UNFCCC) has announced a collaborative initiative with the involvement of Hedera Hashgraph, Envision Blockchain, and Swirlds Labs, on December 4.
At the time of press, HBAR was trading at a price of $0.0697, which comes after gains of 3.40% in the past 24 hours, coupled with 15.27% progress in the past 7 days, adding to the increase of 17.20% in the previous 30 days.
Shiba Inu (SHIB)
As for the third pick, one of the stronger performers this week, Shiba Inu (SHIB), is making notable progress, recently surpassing the psychologically significant level of $0.00001.
SHIB has recently surged past its resistance level of $0.00000800, signaling a potential bullish phase for the token. This development, highlighted by analyst Jake Wujastyk, gains significance against the backdrop of the 2022 Terra (LUNA) collapse, suggesting SHIB’s recovery from a long-standing bearish trend.
At the time of reporting, this cryptocurrency was trading at a price of $0.00001006, marking a daily increase of 4.50%, a substantial gain of 21.05% over the week, and notable advancements of 21.90% in the last month.
While the mentioned cryptocurrencies may currently experience gains, the dynamic nature of the digital asset realm reminds us that it’s important to remember that crypto assets primarily depend on the overall market sentiment, a key factor to track when entering the market.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
