With the first month of 2024 beginning, most assets in the cryptocurrency sector are entering the new year with renewed optimism, recording price increases across the sector, and crypto traders and investors are wondering which of them is the best to invest in January.
In this context, Finbold has analyzed the crypto market to deliver a list of three digital assets that will be the hottest topic this month, be it in line with their strength from the last few weeks of 2023 and/or announced developments that could exert a strong buying pressure on them.
#1 Bitcoin (BTC)
Indeed, Bitcoin (BTC) has a lot to look forward to in January, as the United States Securities and Exchange Commission (SEC) might approve the first spot Bitcoin exchange-traded fund (ETF). Moreover, it could be the start of a three-year bullish trend, according to crypto expert Ali Martinez.
Presently, the price of the flagship decentralized finance (DeFi) asset stands at $42,586, up 1.72% on the day, down 2.34% across the week, and increasing by 10.3% on its monthly chart, according to the most recent information retrieved by Finbold on January 1.
#2 Solana (SOL)
Meanwhile, Solana (SOL) has had a massive upward run that has seen it rally by more than 500% in just two months, as observed by the crypto analyst Michaël van de Poppe on December 28. Although this expert believes its run is over for now, Solana should remain a strong asset in the weeks to come.
As things stand, Solana is currently changing hands at the price of $104.03, which indicates an increase of 1.9% on the day, a decline of 5.43% across the previous seven days but making a significant monthly gain of 69.85%, as per the latest data.
#3 XRP (XRP)
Furthermore, caught in a ‘neck and neck’ race to $1 with Cardano (ADA), XRP (XRP) is on the path that could see it win this race and more – skyrocket to $3.7 – if history repeats itself with regards to the Super Guppy indicator, according to a recent analysis reported by Finbold.
At press time, the XRP token was changing hands at the price of $0.623, having gained 0.47% in the last 24 hours and still holding onto the 0.94% gain across the previous week and the advance of 1.95% in the last month, as the latest charts suggest.
Conclusion
Overall, the above-mentioned crypto assets are among those that have all the prerequisites to continue their successes during January. However, it does not necessarily mean that the situation will remain unchanged, which is why doing one’s own research is essential.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
