The latest week in the cryptocurrency market has witnessed an overall uptick in values with even leading digital currency Bitcoin experiencing a surge. Some alternative cryptocurrencies, despite strong performance metrics, maintain a trading value of less than $0.10. This scenario begs the question as to which three altcoins are currently outperforming their peers while still being priced below the dime mark.
Dogecoin’s Charge Towards Ten Cents
Dogecoin, the popular meme coin, has seen a boost in value coinciding with the announcement of a significant software upgrade. This leap in price has brought the coin to the cusp of the $0.10 milestone, evidenced by its Relative Strength Index (RSI) exceeding 70 in recent 24-hour chart analyses. Dogecoin’s recent 24-hour performance shows a 10.4% increase, reaching over $0.097. When compared over the past week and month, Dogecoin has climbed by 9.43% and 19.06%, respectively.
Floki’s Ascent Bolstered by Funding
Floki, another meme coin contender, has seen its ascent reinforced by a substantial funding injection of $10 million from a notable Web3 investment firm, DWF Labs. Currently trading at $0.00004603, Floki is enjoying a 22% rise in 24 hours, with a 36.52% gain over the week and a significant 65.26% increase over the past month. Alongside its price surge, Floki has also seen a sharp 500% increase in trading volume, indicating growing investor interest.
Gala’s Steady Progress
Gala has the potential to bolster investor confidence if it can turn the current resistance at $0.036 into support, possibly paving the way to $0.05 and even $0.10. As of now, Gala’s trading price sits at $0.03392, which is modest compared to its counterparts. Nonetheless, Gala shows a 1.01% daily increase and a more robust 22.24% rise over the last week.