The cryptocurrency market continued its upward trajectory over the weekend, maintaining the ongoing bullish trend. As investor interest in digital assets grows, Bitcoin recently approached the critical $38,000 threshold. Other cryptocurrencies like Ethereum joined the upward movement, challenging and surpassing new resistance levels amid the market rally.
This prevailing optimism, signaling further upward momentum in the market, has led to simultaneous increases in lesser-known altcoins and meme coins. The growing interest in alternative digital assets with promising potentials is evident when interpreting technical indicators. Ongoing improvements in the blockchain structures of these altcoins contribute to the positive sentiments prevalent in the investment community.
Leveraging fundamental indicators and technical analysis, we have compiled a list of the most promising cryptocurrencies priced below $0.10 and innovative token projects that have the potential to deliver a 10x return. The upcoming week presents potential profit opportunities in these carefully selected assets, reflecting the dynamic and evolving nature of the cryptocurrency market. Investors are keenly observing these developments, embracing the diversity and innovation that characterize the crypto space, as they navigate through an environment filled with exciting possibilities.
Hedera (HBAR) Crypto Coin Gaining Attention!
Hedera (HBAR), which supports high transaction speed and enables faster and more cost-effective transactions on its utilized blockchains, has been continuously upgraded by its development team. With these attributes, it stands out as one of the potential coins to watch in the upcoming week.
Adding to Hedera’s positive developments, there was an announcement of an improvement proposal by Walter Hernández, a researcher from the DLT Science Foundation (DSF). The proposal aims to verify the source code of deployed smart contracts, further enhancing the functionalities of smart contracts on Hedera. The implementation of this proposal earlier this week significantly increased interaction between developers and users utilizing smart contracts on Hedera. At the time of writing, HBAR is trading at $0.06273, reflecting a 0.88% increase, while the trading volume has decreased by 3.65% to $44,554,028 over the last 24 hours.
Awakening DOGE Whales Shifting Their Targets!
The increasing news coverage of derivative trading volume for the leading meme coin, Dogecoin (DOGE), has generated optimistic excitement surrounding its price. Particularly noteworthy is the impressive figure of $718.23 million that short positions held by DOGE investors reached by the end of last week. Long positions and bets in favor of price increases constituted a ratio of 53.35% to 46.63%.
Additionally, several Dogecoin wallets holding more than $1 million worth of DOGE were transferred in recent days. The increase in the number of wallets with significant DOGE holdings, combined with heightened activities among dormant DOGE holders, indicates a growing interest among investors in the coin. Following a 7.39% decline last week due to whale activity, DOGE’s price was trading at $0.07778 at the time of writing, experiencing a slight retracement alongside a 2-point increase yesterday. Its one-month chart reveals a 17.32% increase.
VeChain (VET) Growing with New Addresses!
VeChain (VET), the native cryptocurrency of the VeChain network that streamlines processes and information flow for complex supply chains, has garnered attention from cryptocurrency investors recently. A post shared on X, previously known as VeChainThor, outlined the latest updates from VeChain.
The increase in VET holders is likely attributed to Coinbase’s announcement on September 12, confirming support for VET and other VeChain tokens. This surge not only heightened the adoption of the coin but also positioned VET as an alternative for investors. As of the time of writing, VET is trading at $0.02154, reflecting a 1.34% increase in its value over the last 24 hours. Its volume has increased by 15.82% to $32,748,465, showing a 1.69% weekly increase and contributing to an overall positive trend with an 11.88% gain compared to the previous month.
In conclusion, these three selected cryptocurrencies, based on fundamental and technical analysis, present promising opportunities for potential investors in the upcoming week. It is crucial for investors to conduct their own research before forming portfolios, especially in the dynamic and variable cryptocurrency market.