Altcoins to Watch as the New Year Approaches - Latest cryptocurrency news

Altcoins to Watch as the New Year Approaches

As the new year approaches, although the excitement in the cryptocurrency market has diminished with Bitcoin‘s (BTC) fall below $42,000, hope is still maintained for altcoins with the potential to make a significant breakout in 2024, priced below one dollar.

Dogecoin (DOGE), despite falling below $0.10 for the first time since April, continues to maintain high expectations among investors. DOGE’s recent decline is considered a normal weekly retracement before a rise, and it remains among the altcoins maintaining their upward momentum.

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According to data, DOGE has shown an increase of 31.12 percent since the beginning of the year. Currently, the largest meme coin is trading at $0.09218, with a drop of about 2 percent in the last 7 days, but it has experienced an increase of 17 percent in the last 30 days.

Cardano’s (ADA) price has shown an increase of up to 140 percent since the first day of the year and is preparing to leave a successful year behind. In addition to the rise in ADA’s price, as the seventh-largest altcoin by market value, it shows that the Total Value Locked (TVL) in the decentralized finance (DeFi) space has exceeded the $395 million mark.

Currently, ADA is priced below one dollar, at $0.5636, according to the latest information. The popular altcoin’s price has increased by 45 percent in the last month and by 35 percent in the last seven days.

Loopring (LRC), a scaling solution utilizing its technology on Ethereum’s second layer (Layer 2), is expected by market observers and analysts to rise by 500 percent, or tenfold. However, LRC has yet to respond to the anticipated momentum of increase.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
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