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Finbold

12/31/2023

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January’s crypto hotlist: Top 3 picks

With the first month of 2024 beginning, most assets in the cryptocurrency sector are entering the new year with renewed optimism, recording price increases across the sector, and crypto traders and investors...

January’s crypto hotlist: Top 3 picks

With the first month of 2024 beginning, most assets in the cryptocurrency sector are entering the new year with renewed optimism, recording price increases across the sector, and crypto traders and investors are wondering which of them is the best to invest in January.

In this context, Finbold has analyzed the crypto market to deliver a list of three digital assets that will be the hottest topic this month, be it in line with their strength from the last few weeks of 2023 and/or announced developments that could exert a strong buying pressure on them.

#1 Bitcoin (BTC)

Indeed, Bitcoin (BTC) has a lot to look forward to in January, as the United States Securities and Exchange Commission (SEC) might approve the first spot Bitcoin exchange-traded fund (ETF). Moreover, it could be the start of a three-year bullish trend, according to crypto expert Ali Martinez.

Bitcoin price historical analysis. Source: Ali Martinez

Presently, the price of the flagship decentralized finance (DeFi) asset stands at $42,586, up 1.72% on the day, down 2.34% across the week, and increasing by 10.3% on its monthly chart, according to the most recent information retrieved by Finbold on January 1.

Bitcoin 30-day price chart. Source: Finbold

#2 Solana (SOL)

Meanwhile, Solana (SOL) has had a massive upward run that has seen it rally by more than 500% in just two months, as observed by the crypto analyst Michaël van de Poppe on December 28. Although this expert believes its run is over for now, Solana should remain a strong asset in the weeks to come.

Solana price action analysis and prediction. Source: Michaël van de Poppe

As things stand, Solana is currently changing hands at the price of $104.03, which indicates an increase of 1.9% on the day, a decline of 5.43% across the previous seven days but making a significant monthly gain of 69.85%, as per the latest data.

Solana 30-day price chart. Source: Finbold

#3 XRP (XRP)

Furthermore, caught in a ‘neck and neck’ race to $1 with Cardano (ADA), XRP (XRP) is on the path that could see it win this race and more – skyrocket to $3.7 – if history repeats itself with regards to the Super Guppy indicator, according to a recent analysis reported by Finbold.

XRP price action analysis and forecast. Source: Egrag Crypto

At press time, the XRP token was changing hands at the price of $0.623, having gained 0.47% in the last 24 hours and still holding onto the 0.94% gain across the previous week and the advance of 1.95% in the last month, as the latest charts suggest.

XRP 30-day price chart. Source: Finbold

Conclusion

Overall, the above-mentioned crypto assets are among those that have all the prerequisites to continue their successes during January. However, it does not necessarily mean that the situation will remain unchanged, which is why doing one’s own research is essential.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk. 

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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