As we approach the final hours of 2023, the year’s last business day concludes amidst a calm macro environment. Notably, in the last quarter, altcoins have seen massive gains, which continued into the final week of the year. Investors hold high hopes for the upcoming year, particularly for KAVA, AVAX, and XLM coins.
KAVA coin will reduce inflation to 0% starting January 1st, with a fixed maximum supply of 1 billion. This announcement, made well in advance, has generated significant excitement. Post-launch of Mainnet 15, staking rewards will be sourced from the Kava Strategic Reserve, expected to positively impact the price.
The popular cryptocurrency, which broke free from a declining resistance line in October, quickly surged above $0.7. This week, it approached the $1 threshold, peaking at $0.95. With a high-risk appetite, many investors made their final purchases before the ETF, while others took the opportunity to sell for substantial profits.
If the price can close above the $1 barrier in the coming month, it may target the next resistance at $1.5. Conversely, a 25% drop to $0.7 is anticipated in the opposite scenario.
Over the past ten weeks, AVAX coin has formed nine bullish candles, performing as expected despite moderate gains compared to SOL Coin. Remarkably, it has rebounded 500% from single-digit prices, even with significant unlocking events.
In January, AVAX has the potential to surge 70% to the $68 resistance level, but it needs to maintain closings above $49. If it declines, $34 could be the next target.
XLM Coin, the 25th largest cryptocurrency by market cap, priced at $0.13 with a market value of $3.7 billion, will hold a mainnet vote on January 30th. Protocol 20 will introduce a platform to execute smart contracts on the Stellar Network.
If this update generates excitement within the community, the $0.16 and $0.20 regions could be tested. Otherwise, a pullback to the famous $0.11 support level is expected.