IMPORTANT POINTS:
- Despite the latest declines, analysts are optimistic about cryptocurrencies in the short and medium term.
- The liquidation that Bitcoin suffered in the last two weeks dragged down the entire market in general.
- The two main cryptocurrencies that appear on the list are Shiba Inu and Dogecoin.
The general fundamentals in the cryptocurrency market are positive. However, in the last two weeks, the industry took a hit due to a sharp sell-off in Bitcoin.
In any case, yesterday we saw a large amount of money entering the market, which had Solana as the big winner, with entries for 2,000 million dollars.
The truth is that analysts are optimistic and one of the points they highlight is the halving of Bitcoin, something that would also benefit altcoins, especially the smaller ones.
4 “cheap” cryptocurrencies to buy
Shiba Inu
According to data from analyst Ali Martínez, the memecoin is ready to resume its upward course, as it has now accumulated a loss of 13% since the beginning of the year.
On the other hand, and although it is very unlikely, the artificial intelligence used by CoinCodex determined that SHIB will increase by 246% in February to reach 0.0000313 USD.
Dogecoin
DOGE did not start 2024 in a better way than its competitor SHIB. So far this year it has registered a drop of more than 11%.
However, it shows good fundamentals. His addresses increased by 1,100%, suggesting a bullish rebound in the short term.
The same machine learning algorithms predict that the dog memecoin will rise to 0.081 USD, while it is currently trading at 0.079 USD.
Cronos (CRO)
It is the native token of the Crypto.com cryptographic platform, standing out in 2023 for its sudden price increase thanks to its integration with Bring-Your-Own-Chain (BYOC).
During 2023, CRO jumped from $0.05 to almost $0.11. However, like the other cryptocurrencies mentioned, the altcoin started this year with a loss of 16.8%, settling at $0.082.
The AI does not have high expectations for Cronos for at least the next six months, as it places CRO at $0.081.
Floki Inu (FLOKI)
It is another of the currencies called “memecoin”, which also has not had a great start to the year, with a collapse of almost 24%.
The projection of the artificial intelligence is positive, as it foresees that in the next 12 months, FLOKI will rise around 120% to 0.00006017 USD from the 0.00002784 USD it is currently trading.
