As the new year approaches, excitement in the cryptocurrency sector is increasing. The leading cryptocurrency Bitcoin has risen above the $43,000 level, while many altcoins are following this rise.
With factors such as the anticipated ETF, the upcoming halving, and the Federal Reserve’s stance on interest rates, altcoins such as Shiba Inu, XRP, and Dogecoin are drawing attention from investors as they enter the new year.
Shiba Inu (SHIB) experienced a price increase, according to Jake Wujastyk’s analysis, and showed a significant rise in trading volume in recent days. At the time of writing, SHIB was trading at $0.00000958 and had gained 16.90% on the weekly chart.
There was also a glimmer of hope for XRP’s price with the rise of Bitcoin. Amidst the ongoing uncertainty between Ripple and the SEC, XRP reached $1.13, indicating an upward movement. At the time of writing, XRP was trading at $0.6332 and had shown a weekly increase of 5.49%.
Dogecoin (DOGE) reached the targeted $0.10 level on December 6th, as it celebrated its tenth anniversary. Wujastyk’s new target is $0.19. DOGE experienced a 7.68% decline in the last 24 hours, falling to $0.949, but recorded a weekly gain of 16.92% and a monthly increase of 26.66%.