Top 5 Affordable Cryptocurrencies to Acquire During Week 3 of January 2022
In the world of cryptocurrencies, an alarming dip of 3% has been observed in the market cap, which currently stands at $2.1 trillion, raising questions among investors. Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have fallen by 2.4% and 3.8% respectively in the past 24 hours. Despite the bearish trend, certain cheaper altcoins have managed to sustain growth during the ongoing market negativity. With this in perspective, we have compiled a list of the top 5 altcoins offering attractive buying opportunities at present.
Top Altcoins to Buy on Low Prices
- Cardano (ADA): Despite a 1.4% dip in the past 24 hours, ADA has experienced a 34% rise over the past week and a 22% rise over the past month. ADA's recent upswing is attributed to a surge in the number of apps and projects launching on its platform, marking a strong start to the year.
- Secret (SCRT): SCRT has dropped by 2% over the past day and currently trades at $9.26. Despite this, it has still held above its all-time high of $10.38, set back in October. Its recent resilience can be attributed to a development phase, Shockwave, which will boost funding for the platform while expanding its Secret Agent program.
- Uniswap (UNI): UNI has seen a slight increase of 3% in the past hour, 2% over the past week, and 16% over the past 14 days. The decentralized exchange on which UNI operates, Uniswap, is experiencing high growth, particularly after its recent launch on Polygon. This increased usage of Uniswap correlates with increased demand for UNI.
- Fantom (FTM): FTM experienced a 10% drop in the past day but has surged by 30% over the past week and an impressive 100% over the past 30 days. With a strong focus on DeFi applications, Fantom's ecosystem has expanded beyond 200 projects, bolstered by a growing total value locked in of $7.44 billion.
- Harmony (ONE): ONE has risen by 4% in the past hour, while falling by 1% in the past day. It has experienced a decline of 22% over the past week and 61% over the past month. Despite this, the launch of the oneUSD stablecoin has sparked enthusiasm among investors, positioning ONE for growth in the coming weeks.
As the cryptocurrency market fluctuates, keeping track of these five altcoins offers an excellent opportunity for investors seeking attractive low prices. Remember, any investment in cryptocurrencies carries an inherent risk, and it's always crucial to research each coin thoroughly and consider personal financial goals before making any buying decisions.
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Investing in the current market climate presents a unique opportunity for buyers, as certain altcoins, such as Cardano (ADA), Secret (SCRT), Uniswap (UNI), Fantom (FTM), and Harmony (ONE), have shown persisting growth despite the overall downturn in the cryptocurrency market. It's advised to monitor these altcoins closely to capitalize on potential buying opportunities while bearing in mind the potential risks associated with cryptocurrency investments.
