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After a short hiatus within the closing weeks of December 2023, various cryptocurrencies, generally known as altcoins, commenced 2024 with a deceleration, creating potential alternatives for ‘shopping for the dip’ within the preliminary month of the brand new yr. Let’s check out the 5 best altcoins to purchase in January 2024.
Celestia (TIA)
As of now, the Celestia price stands at $ 14.36, accompanied by a 24-hour buying and selling quantity of $ 892.85M. The market capitalization of Celestia is $ 2.23B, with a market dominance of 0.13%. Over the past 24 hours, the TIA value has skilled a notable improve of 19.65%.
Celestia achieved its peak worth on December 24, 2023, reaching an all-time excessive of $ 15.20. Following its all-time excessive, the bottom value noticed was $ 9.39 (cycle low), and the very best TIA value because the final cycle low was $ 14.69 (cycle excessive). Presently, the sentiment for Celestia’s value prediction is bullish, with the Concern & Greed Index indicating a rating of 68 (Greed).
The circulating provide of Celestia’s native token (TIA) at present stands at 155.07 million. Buying and selling close to its cycle excessive, TIA reveals sturdy liquidity derived from its spectacular market capitalization, enhancing favorable buying and selling situations for traders.
Arbitrum (ARB)
Arbitrum is priced at $ 1.890438 today, boasting a 24-hour buying and selling quantity of $ 3.73B, a market cap of $ 2.41B, and a market dominance of 0.14%. Notably, ARB has surged by 4.98% within the final 24 hours. Its highest recorded worth was on Mar 23, 2023, reaching $ 8.67, whereas the bottom, $ 0.744259, occurred on Sep 11, 2023. Presently, the worth prediction sentiment is bullish, with the Concern & Greed Index at 68 (Greed). The circulating provide of Arbitrum stands at 1.28B ARB.
ARBITRUM (ARB) is displaying a strong bullish development, constantly buying and selling above its 200-day easy transferring common. With 16 inexperienced days within the final 30 days (53%), the coin signifies sturdy constructive momentum. This, coupled with excessive liquidity primarily based on its vital market cap, paints a positive outlook for ARB’s close to future. Buyers could discover confidence within the coin’s resilient market dynamics and constructive latest efficiency.
Solana (SOL)
Solana (SOL) is currently priced at $ 99.80, with a 24-hour buying and selling quantity of $ 7.21B and a market cap of $ 42.94B, holding a market dominance of two.58%. Within the final 24 hours, SOL has seen a 2.27% value improve. Whereas reaching an all-time excessive of $ 259.52 on Nov 6, 2021, its all-time low was $ 0.503701 on Might 11, 2020.
Presently buying and selling at $ 99.80, Solana’s present value is above its all-time low however beneath its all-time excessive. The Concern & Greed Index signifies a sentiment of 68 (Greed), and Solana’s circulating provide is 430.23M SOL out of a max provide of 533.68M SOL. With a yearly provide inflation charge of 18.55%, Solana ranks excessive within the Proof-of-Stake Cash, Solana Community, and Layer 1 sectors.
Solana (SOL) has surged by a powerful 639% prior to now yr, outperforming 93% of the highest 100 cryptocurrencies. This stellar efficiency extends past Bitcoin and Ethereum. Sustaining its place above the 200-day easy transferring common, SOL reveals sustained constructive momentum.
Notably, it has constantly proven a bullish development with 16 inexperienced days within the final 30, constituting 53% of the noticed interval. Moreover, SOL’s constructive efficiency relative to its token sale value makes it a beautiful funding. Bolstering its enchantment is excessive liquidity pushed by a considerable market cap. These mixed elements paint a promising outlook for Solana within the close to time period.
Hivemapper (HONEY)
Hivemapper (HONEY) is currently valued at $ 0.223655, boasting a 24-hour buying and selling quantity of $ 1.46M and a market cap of $ 102.43M, with a market dominance of 0.01%. Notably, the HONEY value has surged by a powerful 88.68% within the final 24 hours. Whereas Hivemapper achieved its all-time excessive of $ 0.367103 on Dec 12, 2023, its all-time low was recorded at $ 0.001596 on Might 23, 2023. Since its all-time excessive, the bottom value noticed was $ 0.107678 (cycle low), and the very best HONEY value because the final cycle low was $ 0.248938 (cycle excessive).
Presently, the sentiment for Hivemapper’s value prediction is impartial, whereas the Concern & Greed Index signifies a rating of 68 (Greed). The circulating provide of HONEY stands at 457.99M out of a max provide of 10.00B HONEY. These metrics present insights into Hivemapper’s present market place and its latest value dynamics.
Hivemapper (HONEY) maintains a constructive development, at present buying and selling above its 200-day easy transferring common. Over the previous 30 days, the coin has skilled 15 inexperienced days, constituting 50% of the noticed interval. These indicators recommend a sustained constructive momentum and a balanced market sentiment for Hivemapper.
Sei (SEI)
Sei (SEI) is currently priced at $ 0.810000, boasting a 24-hour buying and selling quantity of $ 2.38B and a market cap of $ 1.86B, with a market dominance of 0.11%. Over the past 24 hours, SEI has skilled a notable 7.49% improve in its value. Whereas reaching its all-time excessive of $ 0.879800 on Jan 3, 2024, Sei’s all-time low is at present unreported (“n/a”). The bottom value since its all-time excessive was $ 0.752195 (cycle low), and the very best SEI value because the final cycle low was $ 0.818966 (cycle excessive).
Presently, the sentiment for Sei’s value prediction is bullish, whereas the Concern & Greed Index signifies a rating of 68 (Greed). The circulating provide of SEI stands at 2.30B out of a max provide of 10.00B. By way of market cap rankings, Sei holds the tenth place within the Proof-of-Stake Cash sector and the twenty fifth place within the Layer 1 sector, highlighting its present standing throughout the cryptocurrency market.
Sei (SEI) has demonstrated a strong market efficiency with 17 inexperienced days within the final 30, representing a 57% constructive development. Presently, the coin is buying and selling close to its cycle excessive, indicating sustained constructive momentum and potential for continued development.
SEI advantages from excessive liquidity pushed by its substantial market capitalization, contributing to a positive buying and selling setting for traders. These elements collectively place Sei as an asset with each power in latest efficiency and the potential for ongoing constructive market dynamics.
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