The highly anticipated Bitcoin halving event has yet to create significant ripples in the cryptocurrency industry. However, some tokens represent an ideal buying opportunity this week. Moreover, some of them are still below $1. With this in mind, crypto expert Ana Zirojevic scanned the crypto sector. In this regard, the expert shared 3 altcoins.
First up is the popular meme coin Dogecoin (DOGE)
Popular analyst Ali Martinez says Dogecoin is consolidating after breaking out of a descending triangle. According to the analyst, a bullish rally of DOGE towards $1 is possible in the coming weeks.
For now, however, DOGE is trading at the critical level of $0.16, which it reached earlier. The meme coin recorded a decline of 0.70% on the day. It has also declined by 1.87% over the past week. Thus, it has accumulated an accumulated loss of 4.06% on its monthly chart according to the latest data.
Second-ranked cryptocurrency: Shiba Inu (SHIB)
Meanwhile, the Shiba Inu-based developer team is actively working to grow the ecosystem, including the introduction of a new Layer 3 Blockchain, which could add to the excitement surrounding SHIB. “We are thrilled to have the support of such powerful venture capitalists, angel investors and brands as we move towards the completion of this grand decentralized experiment,” said Shytoshi Kusama, lead developer of SHIB.
Currently Shiba Inu is changing hands at $0.00002696. This represents an increase of 1.55% in the last 24 hours. SHIB is moving to reverse an accumulated decline of 3.11% over the past month. In this direction, it has made a more significant advance of 15.74% in the previous seven days.
Last-ranked cryptocurrency: Ripple (XRP)
An analysis of the token’s historical price action and chart patterns, including 2017 and 2021, suggests that XRP is poised for an explosive price move following the recent consolidation, according to the analyst pseudonym Egrag Crypto.
Meanwhile, according to the latest data, XRP is working to reverse the 13.84% drop it recorded last month. At the time of writing, XRP was trading at $0.53377. Thus, it was up 1.09% on the daily chart and 4.14% for the week.
The opinions and forecasts in the article are those of experts and analysts and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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