Top 5 Affordable Altcoins to Invest in During Week 3 of December 2021
Amidst a struggling cryptocurrency market, the total capitalization has dipped to $2.26 trillion in the past 24 hours, representing a 4% decrease. This downward trend has affected most major coins, though a few altcoins have shown resilience and continue to rally amidst the bearishness. With many fundamentally sound altcoins trading at discounted prices, we have compiled a list of the top 5 altcoins to consider investing in at their current low prices.
Top 5 Altcoins to Buy on Low Prices
1. Decentralized Social (DESO)
Currently trading at around $132, DESO is one of the few top-100 cryptocurrencies that have seen an upward trend in the past 24 hours, marking a 40% increase in the same period. Over the last week, DESO has risen by 33%, and in the last 30 days, it has climbed by 73%. The recent boost in DESO's price can be attributed to the announcement by Coinbase Pro that it will commence trading of the coin as of today. This listing is expected to bring significant volatility to DESO's price in the hours and days following the launch.
Decentralized Social (DESO) is the native token of the Decentralized Social network, a platform designed to support various decentralized social media applications. As the Decentralized Social network grows, demand for DESO tokens is expected to increase, particularly as the hype surrounding Web 3.0 and the metaverse continues to grow in 2022.
2. Syscoin (SYS)
With a price of $0.750928, Syscoin (SYS) is another rare example of a cryptocurrency that has gained during the bear market. In the past 24 hours, SYS has risen by 5%, and over the past week, it has increased by 30%. Over the last 30 days, SYS has seen a growth of 77%.
The upward trend in SYS is supported by its indicators, with the 30-day moving average maintaining a higher upward trajectory than the 200-day average, suggesting that it is reaching a new level. The relative strength index currently sits around 50, suggesting that the market may be overcooked, thereby offering an opportunity for new entrants.
Syscoin is an interest platform that harnesses the hashpower used to mine Bitcoin and is Ethereum Virtual Machine-compatible. This combination of security and wide functionality makes it a potentially exciting platform to watch in the future.
3. Cardano (ADA)
ADA, priced at $1.22, has seen a fall of 6.9% in the last day, a 14% decrease in the past week, and a 40% drop over the past 30 days. Despite the recent downtrend, ADA's indicators suggest that it may be nearing the bottom of the slump. The 30-day average is sinking further below the 200-day average, while the RSI is on its way to 40, implying that a bottom may be close.
With steady development since its rollout of smart contracts in September, the slow-burning growth of the Cardano platform should continue to support ADA's future prospects.
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Investors might find opportunities in two altcoins that have shown resilience amidst the recent cryptocurrency market downturn. Decentralized Social (DESO) has seen an upward trend, marking a 40% increase in the past 24 hours and a 73% climb over the past 30 days, trading at around $132. Syscoin (SYS) is another example, with a price of $0.750928 and a 77% growth over the last 30 days, even in the bear market. While Cardano (ADA) has seen a decline, its indicators suggest that it may be nearing the bottom of the slump, offering a potential investment opportunity in the future.